Mr. Dimon Goes to Washington; the Fed's Stein Speaks Out

Receiving Wide Coverage… Hard Ball: Don't be fooled into thinking that U.S. Attorney General Eric Holder will end up strong-arming JPMorgan Chase's CEO Jamie Dimon. While Dimon has largely agreed to provide $4 billion in "soft dollar" relief for borrowers, the DOJ wants more than the proposed $7 billion in penalties. But wait. Dimon also wants California prosecutors to drop a criminal investigation into the bank's mortgage practices, a request that Justice has not yet agreed…