Happening Now: Matt Taibbi is live-blogging the Senate hearing on JPMorganChase

[WilliamPitt]

Worth following: http://www.rollingstone.com/politics/blogs/taibblog/live-blogging-the-senate-hearing-on-j-p-morgan-chase-and-the-infamous-london-whale-episode-20130315

[klook]

1. Lively reporting

10:32 a.m. Levin confronts Peter Weiland, Chase's former head of market risk, about why, last March, he derided a CRM analysis that Chase had the possibility of losing $6 billion over the course of a year as "garbage." He forces Weiland to admit that he was wrong, in light of the fact that Chase did, in fact, end up losing $6.2 billion. Weiland spit the begrudging admission that he was wrong out of his mouth as though it was a dead snail.

Good stuff - thanks for the tip.

[Coyotl]

2. Watching Now here:

http://www.c-span.org/Live-Video/C-SPAN3/