Elizabeth Warren seeks ouster of top JPMorgan official from New York Fed
Senate candidate Elizabeth Warren today called on JPMorgan Chase chief executive officer Jamie Dimon to resign from New York Federal Reserve Bank board after his company’s $2 billion trading loss. Three top traders at the firm are being replaced today. Warren spoke with CNN and CBS about the latest Wall Street crisis, calling it a symptom of a destructive attitude. She said that banks should get back in the business of old fashioned banking, rather than the complex business transactions.