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U.S. Day Ahead: JPM's Dimon should come out swinging

Tuesday, June 12, 2012 - 02:19

June 12 - JPMorgan's Jamie Dimon has to go on the offensive when he testifies before Congress on his company's recent $2 billion loss, according to Reuters Breakingviews' Rob Cox.

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Will we see a mild mannered or outspoken Jamie Dimon when he gets grilled by congress. Charismatic JPMorgan Voss testified at 10 AM before a senate panel on his thinks recent two billion dollar loss. It will be his first public questioning by lawmakers as the shocking trade debacle. Runners breaking views US editor rob Cox says Dimon has to go on the offensive and -- I think Jamie -- should come out swinging it this. Is a problem I screwed up I've told you of that okay 2000000005 billion whatever it is even though we'll make five or six billion in the quarter. But that's a problem between me and my shareholders and I am deeply sorry to my shareholders for whom I've just lost thirty billion dollars in market value. In the meantime Karen had troops from federal financial analytics says expect some showmanship. Front centers as well. Ideally. Alleges the hearing was look at legislation. It would look at the policy issues raised by this case and how it fits into the regulatory framework. But these days with the United States congress you just never now. We could get more reaction to the European debt crisis when US Treasury Secretary Timothy Geithner speaks at 4:30 PM he's giving his take on the international economy. An event sponsored by the Council for Foreign Relations. This comes as an Austrian minister said. Rome may need a bailout Italy is the Euro zone's third largest economy. Free data has and we take a hold of the recovery with retail sales. Out at 838 app the headline figure is set for eight slight fall mainly on weaker auto sales. But ultimately the sector is still being held back by consumers suffering from low wages and a lack of opportunity in the jobs market and an image that might make the paper on Wednesday. Is president Barack Obama hoping that some of Betty white's golden glory we'll buy him another four years in office. The golden -- after it's popped by the White House for a tour she said to be a big Obama fan and for more day and be sure to follow us on Twitter at Reuters Insider also check out our TV channel at Reuters dot com slash Reuters TV. I put a mom that is greater.

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U.S. Day Ahead: JPM's Dimon should come out swinging

Tuesday, June 12, 2012 - 02:19