Jamie Dimon, chairman of the board, president and CEO of JPMorgan Chase & Co., testifies before a U.S. Senate Banking Committee hearing. Some of the nation's biggest banks - JPMorgan Chase, Citibank, Merrill Lynch and Bank of America - clamored to get involved in the $8.2 billion Zell deal. Together with Tribune Co.'s leadership and advisors, they pushed ahead despite mounting evidence the company's business was deteriorating.
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