It is time for policymakers to ask more questions not of banks and bankers but of themselves. That was the message from JPMorgan Chase Chief Executive Jamie Dimon delivered on Thursday—one day after he and other big-bank bosses met with Federal Reserve officials over capital stress tests, counterparty exposure limits and the Volcker Rule.

"We keep shooting ourselves in the foot," Dimon said, using "we" to refer to Washington policymakers. "The reason things are coming back so slowly isn't that things had to be that way. It was that we made it that way."

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