Tales from the Trail

Washington Extra – Dimon jubilee

Jamie Dimon managed to turn a multibillion-dollar trading loss into a winning moment.

The CEO of JPMorgan came sailing into the Senate office building this morning with a smile, and gave a pitch-perfect performance in explaining how a small group of traders in its London office screwed up a hedging strategy so badly that they lost at least $2 billion.

Dimon was apologetic, but not groveling. He stood his ground, but was not combative. He gave the impression he was an open book, but managed to give precious few details about how much the trading loss has grown.

He came off as so in-control that senators asked HIM for advice about how Washington should police Wall Street.

Investors gave Dimon rave reviews, sending the shares up 1.5 percent while the overall bank stock index closed down for the day.

For Obama, what’s bigger challenge — being a dad or being president?

Barack Obama has a storied resume but the job he says is the hardest may surprise you: being a father.

OBAMAThe U.S. president, who has drawn headlines for pushing dads to be more involved in their children’s lives, returned to the subject on Monday.

“Over the course of my life, I have been an attorney, I’ve been a professor, I’ve been a state senator, I’ve been a U.S. senator — and I currently am serving as President of the United States,” Obama said at an event celebrating Father’s Day.