Will JPMorgan chief Jamie Dimon be our next Treasury Secretary?

Filed under: Rumors, Management, JPMorgan Chase (JPM), Options, Politics, DJIA, Financial Crisis

A report in The New York Post suggests that Jamie Dimon, CEO of JPMorgan Chase (JPM), could be the logical replacement for current U.S. Treasury Secretary Timothy Geithner. The paper's sources indicate that "a number of policy makers have begun mentioning Dimon as a successor to Geithner, whose standing in Washington has suffered because of the country's high unemployment rate, the weakness of the dollar, the slow pace of the recovery and the government's mounting deficit."

Meanwhile, reports the Post, Dimon has emerged as one of the heroes of the financial crisis, "having navigated JPMorgan through the recession and being a go-to guy when Uncle Sam last year needed Wall Street's help during the collapses of Bear Stearns and Washington Mutual."

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Will JPMorgan chief Jamie Dimon be our next Treasury Secretary? originally appeared on BloggingStocks on Mon, 23 Nov 2009 11:20:00 EST. Please see our terms for use of feeds.

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