Matt Taibbi and Yves Smith on JPMorgan and the Wall Street 'Mafia'

Matt Taibbi and Yves Smith from BillMoyers.com on Vimeo.

By ANDRE FRANCISCO

JPMorgan CEO Jamie Dimon has been spending a lot of time on Capitol Hill lately because of a recent trading loss by JPMorgan that could cost the company $9 billion.

Last week, Matt Taibbi wrote in Rolling Stone about how big banks on Wall Street, including JPMorgan, have been using mafia-style tactics to game the system in their favor. In this video, Taibbi and Yves Smith of Naked Capitalism sit down with Bill Moyers to discuss Dimon's testimony, the reception ceratin senators gave him and the problems with the finanical system that led to JPMorgan's loss.

Andre Francisco is POGO's online producer