Bragging Rights: JPMorgan’s Dimon who gets $23 millionsays 2011 was a good year, but that “contrived” banking regulations are slowing the U.S.’s economic recovery. 

“Just SHUT UP about my prop trading, you guys, OK?! I’m FINE! Everything is just FINE! I DON’T NEED REGULATION” – Jamie Dimon

Bloomberg-

JPMorgan Chase & Co. (JPM) Chief Executive Officer Jamie Dimon said the firm lost about $2 billion on synthetic credit securities after an “egregious’” failure in its chief investment office, which the bank says focuses on hedging.

“This portfolio has proven to be riskier, more volatile and less effective as an economic hedge than the firm previously believed,” the New York-based company said today in a quarterly securities filing. JPMorgan declined 5.5 percent to $38.50 in extended trading at 5:55 p.m. in New York.

[BLOOMBERG]

image: AP

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