It’s really a must read column at CNBC today because the commissioner he confirms what many of us have known since the initial banking crisis starting. The bankers are little more than a bunch of gamblers and their crying to Washington has been proven to be false with this latest collapse.

Thankfully the most arrogant and most obnoxious mouth on Wall Street has been the CEO of JP Morgan, the bank that is $2 billion lighter than they were just a few weeks ago. And yes, we’re talking about the Jamie Dimon who called banking rules that would protect Americans and investors, anti-American. The Jamie Dimon who said journalist make too much money. The same Jamie Dimon who made $42 million last year. The guy who received an easy settlement from the SEC and who still complained the regulations were burdensome.

Jamie Dimon probably won’t be learning any lessons from this self inflicted $2 billion loss but the political class should. But will they?