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JPMorgan Donors Fueled Eric Cantor's Leadership PAC Fundraising in May

The House Financial Services Committee heard testimony today from JPMorgan Chase CEO Jamie Dimon over the bank’s recent $2 billion loss and more broadly on financial regulations.

While he doesn’t serve on the committee, House Majority Leader Eric Cantor (R-Va.), is generally outspoken about Congressional issues. On this, though, he’s stayed quiet. A look at his recent fundraising report might provide a clue as to why.

Will Spencer Bachus Use Kid Gloves on JPMorgan’s CEO Jamie Dimon?

Talking Points Memo’s Brian Beutler described last week’s Senate Banking Committee hearing with JPMorgan CEO Jamie Dimon this way:

“[W]ith some notable exceptions, the senators themselves turned the cross-examination into a coronation, and exposed the extent to which elected officials still feel compelled to genuflect to powerful financial interests.