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Wall Street Forgets Its Job Is to Create Jobs

June 25 (Bloomberg) -- Conventional wisdom has it that congressional hearings rarely shed new light and devolve quickly into a stream of sound bites that members can use in their re-election campaigns.

By that measure, Jamie Dimon’s appearances before the Senate Banking Committee and House Financial Services Committee -- in which the JPMorgan Chase & Co. chief executive officer had to explain how his bank lost more than $2 billion on a poorly executed proprietary trade -- mostly didn’t disappoint.