J.P. Morgan Chase & Co. is finding few friends on
Capitol Hill according to the good people at the WSJ. Already under attack from Democrats, the bank
is now discovering its giant trading loss has stoked frustration among
Republicans as its $2 billion-plus stumble undercuts arguments that GOP
lawmakers have been making against Wall Street regulation.
Compounding matters, Republicans haven't forgotten that J.P.
Morgan gave a majority of its campaign donations to President Barack Obama and
Democrats in the 2008 campaign.
Even though the company has since reversed course and
donated most of its political dollars to Republicans—and Chief Executive James
Dimon has called himself "barely a Democrat"—
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