By Peter Schroeder - 06/13/12 02:15 PM EDT
JPMorgan Chase chief executive Jamie Dimon was met with noisy protests as he prepared to testify before the Senate Banking Committee on Wednesday.
The head of the nation's largest bank was in Washington to explain how his bank had lost billions of dollars in a complex trade on corporate debt, which has reignited the debate on oversight of the financial system. The bank's solvency is not thought to be endangered by the losses.
As soon as Dimon took his seat at the witness table, protesters in the audience stood up and began shouting.
"This man is a crook and needs to go to jail!" yelled one man. "These men are predators on the American taxpayers' money."
Later, another woman stood up and apparently described how she had suffered a foreclosure, before five protesters stood up and began chanting, "Stop foreclosures now!" They were led out of the hearing room by U.S. Capitol Police.
"There's a day coming!" one hollered as he was led out the door.
Committee Chairman Tim JohnsonTim JohnsonFormer GOP senator endorses Clinton after Orlando shooting Housing groups argue Freddie Mac's loss should spur finance reform On Wall Street, Dem shake-up puts party at crossroads MORE (D-S.D.) then officially opened the hearing, warning that anyone else would be promptly removed for interrupting.