Jamie Dimon's Corporate Culture of Defiance

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On The Willis ReportDemos Senior Fellow Wallace Turbeville pushed back against guest host Dennis Kneale's assertion that federal investigations of JP Morgan are nothing more than a witch hunt stemming from CEO Jamie Dimon's criticisms of President Obama's economic policies.

Turbeville points to the broader detrimental effects of Dimon's active opposition to regulation.

The fact that Jamie Dimon has been so out front in the resistance to reform of Wall Street has really caused him to create a whole sense of defiance against regulators. If you look at the reports that were done on the London Whale case, it's very clear that Dimon has created a corporate culture where regulations are not to be followed by the letter and spirit of the law but to be avoided.