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MARKET WATCH: J.P. Morgan Chase & Co. did the Federal Reserve a favor when it bought Bear Stearns & Co. during the height of the financial crisis in 2008, J.P. Morgan's CEO Jamie Dimon said Wednesday. "We did them a favor. We were asked to do it and we did it at great risk to ourselves," Dimon said at an event in Washington held by the Council on Foreign Relations.
WB7: We must respond to every miserable attempt to rewrite history, particularly by this sorry piece of reckless TBTF CEO malfeasance and Wall Street parasitism.