Nightly News | May 11, 2012
>> might have noticed david gregory joins us in new york. the head of jpmorgan jamie diamond, has given exclusive comments to you for sunday's broadcast of "meet the press."
>> i want to pick up on the washington element of this. they're investigating jpmorgan. the question is how did it happen, when did it happen? did they ignore certain warnings. i ask eed jamie diamond whether any law s had been broken.
>> we had our best people looking over all that. we know we were sloppy. we know we were stupid. we don't know if any of that is true. regulators should look at this. they'll come to their own conclusions, but we intend to fix it.
>> have you given regulators new ammunition?
>> absolutely. this is a very inopportune time.
>> just to underscore the irony of the question and answer . this is a guy whos habeen fighting new regulation. what happened on his watch at the biggest bank in the country may lead to new regulation.
>> he insists he is against certain regulation, not opposed dodd-frank, is not opposed to some of the regulations that would stop that hedging, but he thaw it should be done thoughtfully. he understands there is new ammunition. this question of how banks operate, is it still too risky, is going to be front and sistcenter.
>> how much more of this. how to know where this ends?
>> that's the $2 billion question this evening, and it's solely because if it could happen at jpmorgan where jamie dimon is supposed to be the best risk manager in the business, it can happen anywhere.
>> they have taken some losses. they're exposed.
>> david gregory , andrew ross sorkin. the full interview with jamie dimon this sunday morning on "meet the press "on this nbc station.