The top news from Capitol Hill testimony today by JPMorgan Chase CEO Jamie Dimon is that he says "the bank did its best to fully inform investors about its risk strategy several weeks before it suffered a $2 billion-plus trading loss," The Associated Press reports.
But the quote from him that seems to be getting the most attention came in response to a question from Rep. Sean Duffy, R-Wis., who wanted to know if the bank could ever lose "a half a trillion dollars or a trillion dollars?"
This is TALK OF THE NATION. I'm Neal Conan in Washington. Last week on the first day of the sex abuse trial of former Penn State assistant football coach Jerry Sandusky, a 28-year-old man referred to as Victim Four in court papers took the stand and offered graphic detail of years of abuse.
He also expressed regret for not coming forward earlier. He told the jury he had spent, quote, so many years burying this in the back of my head forever that when he heard there were other cases like his, he felt responsible.
According to Forbes, the boxer Floyd Mayweather Jr. is now the world's highest-paid athlete, dethroning Tiger Woods who had held the spot since 2001.
Two bouts during the past 12 months — beating Victor Ortiz and Miguel Cotto in less than an hour combined — netted Mayweather $85 million. That's more than LeBron James ($53 million), more than Roger Federer ($52.7 million), more than Kobe Bryant ($52.3 million).
This is TALK OF THE NATION. I'm Neal Conan in Washington. For years, U.S. drone strikes in Pakistan and Yemen remained an open secret. There are reasons why missile attacks on the territory of quasi-allies weren't acknowledged, but because of that secrecy, legal justification started to emerge only last year, and the process that the president and his advisors use to put individuals on the kill list only came into focus this month in Daniel Klaidman's book "Kill or Capture."