NEW YORK (MarketWatch) -- J.P. Morgan Chase & Co JPM, -0.84% CEO Jamie Dimon said Thursday that Bear Stearns BSC, -10.00% , which Morgan has agreed to buy, has borrowed $25 billion from a new Federal Reserve facility established to loan money directly to investment banks with trouble financing their business. Dimon, along with Bear CEO Alan Schwartz, are testifying in front of a Senate Committee Thursday.