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Topic: U.S. Senate Committee on Banking, Housing, and Urban Affairs

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  • Senate freshmen: What the 14 new members bring to Capitol Hill

    A freshman Senate class was sworn in Jan. 3, bringing diverse skills and experience – not to mention agendas – to the legislative body. Whether the 14 newest senators help break partisan gridlock, or refuse to work across the aisle, will be the test for the 113th Congress.Twelve were elected on Nov. 6, including three Republicans, eight Democrats, and an independent. In addition, a Republican and a Democrat were appointed to vacant seats after the election. Here is a look at the 14 and what they bring to the Senate:

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  • Ben Bernanke: Bring down the federal debt, don't just 'stabilize' it

    Reducing the debt-to-GDP ratio is the most important long-term fiscal policy for the US, said Fed Chairman Ben Bernanke during his semiannual report to Congress.

  • Robert Reich Want to avoid bailouts? Break up the big banks.

    It's time to limit the size of banks and break up the biggest ones on Wall Street, Reich writes.

  • Senate freshmen: What the 14 new members bring to Capitol Hill

    A freshman Senate class was sworn in Jan. 3, bringing diverse skills and experience – not to mention agendas – to the legislative body. Whether the 14 newest senators help break partisan gridlock, or refuse to work across the aisle, will be the test for the 113th Congress.Twelve were elected on Nov. 6, including three Republicans, eight Democrats, and an independent. In addition, a Republican and a Democrat were appointed to vacant seats after the election. Here is a look at the 14 and what they bring to the Senate:

  • Dimon in the hot seat before Congress

    The JPMorgan Chase CEO was in front of Congress for a second time; he is under fire for a $2 billion trading loss.

  • JPMorgan Chase CEO: Shareholders had risk info

    JPMorgan Chase CEO Jamie Dimon insisted his bank did its best to inform investors about its risk strategy preceding its $2 billion-plus trading loss. JPMorgan Chase used risk assessment models that provided the best information at the time, according to Dimon.

  • Jamie Dimon fields Congress questions on $2B trading loss

    Jamie Dimon, the embattled JPMorgan Chase CEO, returns to Congress Tuesday to face more questions about the $2 billion trading loss incurred by the bank. Jamie Dimon is testifying before the House Financial Services Committee.

  • What Jamie Dimon told Congress: four key points

    Before the Senate Banking Committee, Jamie Dimon, JP Morgan's CEO, apologized again for the firm's $2 billion loss last month. Here are some nuggets from his two hours of testimony.

  • The Monitor's View Lessons in risk for JPMorgan Chase chief

    JPMorgan Chase bank chief Jamie Dimon explained his bank's $2 billion trading loss to Congress, revealing a lesson in not being complacent about risk management – a difficult task in a complex world of diffuse risks.

  • Jamie Dimon to testify on huge JPMorgan Chase loss

    Jamie Dimon will testify before the Senate Banking Committee Wednesday about JPMorgan Chase's $2 billion trading loss. The Jamie Dimon testimony will be a chance for senators to score big political points.

  • Facebook IPO: Six key dates in its debacle

    Facebook's first week as a publicly traded company will go down as a terribly botched corporate launch, perhaps one of the worst in recent history for such a highly visible entity. Eight days ago, it was the tech world's most highly anticipated initial public offering in eight years. Now, the social media company faces mounting legal woes and serves as an embarrassing example of how not to run an IPO. Despite rising insider pessimism about its growth prospects, Facebook kept boosting its asking price and the number of shares it would sell. The result: billions of dollars in losses; investigations by two congressional committees, the Securities and Exchange Commission (SEC), an industry watchdog, and the state of Massachusetts; at least 13 class-action lawsuits; and thousands of resentful shareholders who days later still were unsure how many Facebook shares they had or at what price. Here are six key dates in Facebook's unfolding IPO disaster.

Editors' picks:

Doing Good

 

What happens when ordinary people decide to pay it forward? Extraordinary change...

Endeavor Global, cofounded by Linda Rottenberg (here at the nonprofit’s headquarters in New York), helps entrepreneurs in emerging markets.

Linda Rottenberg helps people pursue dreams – and create thousands of jobs

She's chief executive of Endeavor Global, a nonprofit group that gives a leg up to budding entrepreneurs.

 
 
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