Why does Jamie Dimon think Volcker rule is un-American?

http://www.gurufocus.com/news/159099/interview--jpmorgan-ceo-jamie-dimon-on-regulation-volcker-rule-some-of-the-global-regulations-are-unamerican

When Obama first became president, he always asked Dimon for advice. Eventually, Dimon made more and more criticism against Obama's economic policies, and Obama stopped calling him for help. What were they that Dimon didn't agree on?

The biggest disagreement comes from Volcker Rule. The article referenced above records an interview with Jamie Dimon in January, 2012.

1. He says that while he agrees with no prop trading rule, although that was not even the biggest reason for the financial crisis.
- Why not? Weren't banks taking more and more risks with subprime mortgages with it?)

2. He thinks that Basel III requirements are too harsh for American banks, because 1) American banks to add more equity cushions to their balance sheet, and 2) no foreign banks will follow it because they are too strict.
- That may be true for European banks, Fed published an article this month about how Asian banks are well-capitalized because their governments made all these strict requirements similar to Basel III. http://www.frbsf.org/banking/asia-program/pacific-exchange-blog/why-asian-banks-are-well-positioned-for-basel-iii/

What I want to research on is, what are the major products banks can sell if capital requirement eases up?