JP Morgan announced a $2 billion trading loss yesterday. The big banks and their lobbyists have been fighting to water down the regulations that we need to prevent another crisis — and today we find out that they’re still involved in trades that increase the risks in our financial system.

How many of you out there still believe that we need to cut regulations on the banks? Other than our current Senator, I mean.

You don’t suppose $2 billion is a big enough Oops! that Jamie Dimon might lose his job as CEO of JP Morgan?