Most Senate banking committee members are JPMorgan investors

When members of the Senate banking committee grill JPMorgan CEO Jamie Dimon today, they will be speaking not only as members of Congress concerned about the bank’s risk taking.

The majority of them - wittingly or not - are investors in JPMorgan.


A review of financial disclosure forms(1) shows that at least 18 of the panel’s 22 members have investments in JPMorgan or in funds investing in the company.


Senator JPM or JPM investor Amount range(3)
Daniel K. Akaka (D-HI) Eaton Vance Growth Fund $15,001 to $50,000
Michael F. Bennet (D-CO) Eaton Vance LARGE CAP Core Research Fund $1,000,001 to $5,000,000
Michael F. Bennet (D-CO) Vanguard 500 Index $50,001 to $100,000
Michael F. Bennet (D-CO) Vanguard US Growth Fund $15,001 to $50,000
Sherrod Brown (D-OH) Fidelity Magellan Fund $1,001 to $15,000
Sherrod Brown (D-OH) JPMorgan Chase & Co $1,001 to $15,000
Bob Corker (R-TN) American Growth Fund of America $3,003 to $45,000
Bob Corker (R-TN) MFS Value Fund $1,001 to $15,000
Bob Corker (R-TN) Nuveen Tradewinds Value Opportunity Fund $3,003 to $45,000
Mike Crapo (R-ID) American Growth Fund of America $5,996
Kay R. Hagan (D-NC) JPMorgan Chase & Co $2,002 to $31,000
Kay R. Hagan (D-NC) JPMorgan High Yield Fund $15,001 to $50,000
Michael O. Johanns (R-NE) American Growth Fund of America $50,001 to $100,000
Michael O. Johanns (R-NE) Fundamental Investors Fund $50,001 to $100,000
Tim Johnson (D-SD) Vanguard Value Index $1,001 to $15,000
Mark Kirk (R-IL) Fidelity Contrafund $15,001 to $50,000
Herb Kohl (D-WI) First American Prime Obligation Fund $0 to $1,000
Herb Kohl (D-WI) JPMorgan Prime Money Market $15,001 to $50,000
Jeff Merkley (D-OR) Allianz Growth Fund $15,001 to $50,000
Jeff Merkley (D-OR) Fidelity Blue Chip Growth Fund $16,002 to $65,000
Jeff Merkley (D-OR) Fidelity Contrafund $16,002 to $65,000
Jeff Merkley (D-OR) Fidelity Growth Co Fund $1,001 to $15,000
Jeff Merkley (D-OR) Fidelity Spartan 500 Index $50,001 to $100,000
Jeff Merkley (D-OR) Fidelity Value Fund $1,001 to $15,000
Jerry Moran (R-KS) Capital Income Builder Fund $101,002 to $265,000
Jerry Moran (R-KS) Fidelity Growth Opportunity Fund $2,002 to $30,000
Jerry Moran (R-KS) Income Fund of America $2,002 to $30,000
Jerry Moran (R-KS) Investment Co of America Fund $16,002 to $65,000
Jack Reed (D-RI) American Amcap Fund $50,001 to $100,000
Jack Reed (D-RI) American Growth Fund of America $50,001 to $100,000
Richard C. Shelby (R-AL) TIAA-CREF Teachers Retirement $100,001 to $250,000
Pat Toomey (R-PA) JPMorgan Alerian MLP Index $3,003 to $45,000
Pat Toomey (R-PA) SPDR S&P 500 ETF $1,001 to $15,000
David Vitter (R-La) Fidelity Growth Co Fund $0 to $1,000
David Vitter (R-La) JPMorgan Chase & Co $1,001 to $15,000
Mark Warner (D-VA) Gateway Fund $15,001 to $50,000
Mark Warner (D-VA) JPM Strategic Income Opportunities Fund $1,001,002 to $5,015,000
Mark Warner (D-VA) JPMorgan Asia Equity Fund $1,065,003 to $5,150,000
Mark Warner (D-VA) JPMorgan Cash Deposit $1,001 to $15,000
Mark Warner (D-VA) JPMorgan Chase/Checking $16,002 to $65,000
Mark Warner (D-VA) JPMorgan Euro Deposit $100,001 to $250,000
Mark Warner (D-VA) JPMorgan High Yield Bond Fund $1,001 to $15,000
Mark Warner (D-VA) JPMorgan Intrepid Growth Fund $0 to $1,000
Mark Warner (D-VA) JPMorgan Leveraged Loans LLC $0 to $1,000
Mark Warner (D-VA) JPMorgan Mid Cap Value Fund $1,001 to $15,000
Mark Warner (D-VA) JPMorgan Prime Money Market $1,001 to $15,000
Mark Warner (D-VA) JPMorgan Strategic Income Opportunities $15,001 to $50,000
Mark Warner (D-VA) JPMorgan Tax Aware Real Return Fund $16,002 to $65,000
Mark Warner (D-VA) JPMorgan Tax Free Bond Fund $300,002 to $600,000
Mark Warner (D-VA) JPMorgan Tax Free Money Market $51,002 to $115,000
Mark Warner (D-VA) JPMorgan Tax Free Resv Sweep Fund $100,001 to $250,000
Mark Warner (D-VA) JPMorgan US Equity Fund $500,001 to $1,000,000
Mark Warner (D-VA) JPMorgan US Large Cap Core Plus Fund $150,002 to $350,000
Mark Warner (D-VA) JPMorgan US Real Estate Fund $15,001 to $50,000
Mark Warner (D-VA) Washington Mutual Investors Fund $1,500,002 to $6,000,000
Mark Warner (D-VA) X-10 Capital Partners $5,000,001 to $25,000,000
Roger Wicker (R-MS) Investment Co of America Fund $1,001 to $15,000
Roger Wicker (R-MS) Putnam Growth & Income Fund $15,001 to $50,000




http://news.muckety.com/2012/06/13/most-senate-banking-committee-members-are-jpmorgan-investors/37301



Jim DeMint (R-SC) to Jamie Dimon, “We can hardly sit in judgment of your losing two billion”



While Chief executive and chairman of JPMorgan Chase Jamie Dimon sat before the Senate Banking Committee this morning to discuss with lawmakers his bank’s $2 billion trading loss, DeMint shared this nugget of information; reported by TPM’s Brian Beutler, “Tea party standard bearer Sen. Jim DeMint (R-SC) wants Jamie Dimon and his peers, not Congress and regulators. to institute best practices for Wall Street. “We can hardly sit in judgment of your losing two billion,” he said.”


http://freakoutnation.com/2012/06/13/jim-demint-r-sc-to-jamie-dimon-we-can-hardly-sit-in-judgment-of-your-losing-two-billion/



Houston..... or Wall Street.... we have a problem