"We made a terrible, egregious mistake," Dimon said in an interview on NBC's Meet the Press on Sunday. "There's almost no excuse for it."
He said bank executives were completely wrong in public statements made in April after being challenged over the trades in media reports.
"We got very defensive. And people started justifying everything we did. We told you something that was completely wrong a mere four weeks ago."
Dimon added: "In hindsight we took far too much risk, the strategy was barely vetted, it was barely monitored. It should never have happened."
... how is the teapot?
