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North Dakota Senator Mike Rounds quotes JPMorgan Chase chairman Jamie Dimon at a Senate Banking Committee at a semiannual oversight hearing on the economy with Federal Reserve Chairman Jerome Powell that under extreme stress testing with 35 of the largest American banks the combined losses would be six percent of their reserves, JPMorgan at three times that of the 35, calling it absurd to hold JPMorgan enough capital to cover its own losses but the others three times over at a tremendous opportunity cost with capital tied up that could help first-time homebuyers purchase a home or butting entrepreneurs start a small business.