(Newser)
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A report today that JPMorgan Chase CEO Jamie Dimon has the inside track to replace Timothy Geithner as Treasury Secretary is getting mostly guffaws online, with even the conservative Wall Street Journal admitting that Dimon’s way too much an insider for the job just now. Indeed, chuckles Daniel Indiviglio, the New York Post story is “amusing” because, “for starters, Geithner isn’t going anywhere. Anyone who thinks he might be is nuts.”
Politicians’ wariness of the “well-trodden” Washington-Wall Street path is likely the overriding factor, Indiviglio concludes for the Atlantic, while, Grace Kiser notes, Dimon differs with the Obama administration on a list of consumer-protection issues, siding with big banks in a way that Michael Corkery, in the Journal, says “would expose him to criticism that he was ‘talking his book’ or pushing a self-serving agenda.”
