Why did the senators bow to Jamie Dimon like they did? Here’s why.

In this interesting piece in BlacklistedNews.com Ellen Brown asserts that the reason the senators questioning Dimon were so, deferential, was because first JPMorgan gave lots of money to the war chests of said senators, and second because JPMorgan really does hold all the cards.

(From BlacklistedNews.com)

Interest rate swaps are now over 80 percent of the massive derivatives market, and JPMorgan holds about $57.5 trillion of them. Without the protective JPMorgan swaps, interest rates on U.S. debt could follow those of Greece and climb to 30%. CEO Dimon could, then, indeed be “the guy in charge”: he could be controlling the lever propping up the whole U.S. financial system.”

Click here for the article.