Jamie Dimon and the Anniversary of Glass-Steagall

by Wallace Turbeville Jamie Dimon’s testimony yesterday before the Senate Banking Committee — the week of the anniversary of the passage of the Glass-Steagall Act in 1933 — is ironic, to say the least. He objected to the Volcker Rule’s prohibitions against proprietary trading by federally insured banks (acting like hedge funds, in the words of […]