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Sun, May. 13 2012 06:53 PM EDT

JPMorgan CEO Talks About $2 Billion 'Stupid' Mistake

By Napp Nazworth
Jamie Dimon, chairman and CEO of JPMorgan Chase, admitted the bank made an "egregious error" by making risky investments that led to a $2 billion loss, in a Sunday interview on NBC's "Meet the Press." He did not know whether the company broke any laws in making the investments. The incident has led to a debate over the best way for government to regulate banks that are deemed "too big to fail." (A link to this page will be included in your message. )

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