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Live-Blogging the Senate Hearing on J.P. Morgan Chase and the Infamous 'London Whale' Episode

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

Sorry for the delay, folks -- having some technical difficulties. Will be up in a moment.

9:39 a.m. Again, apologize for the delay, but we're underway. Today's Senate Permanent Subcommittee on Investigations Hearing concentrates on the infamous "London Whale" trades from last year. This is a story about Chase's failure to stop a rogue fund from hiding gigantic losses in its Synthetic Credit Portfolio. There's a huge backstory to this about Chase's repeated failures over its recent history to make changes to internal control procedures that would prevent things like this fr...