Monday, November 23, 2009

Tim Geithner Out? Jamie Dimon In? Jamie Dimon Tim Geithner Replacement?

Last week, in a meeting of the Joint Economic Committee, Republican Kevin Brady (Texas) asked Treasury Secretary, Timothy Geithner, if he would resign "for the sake of our jobs." Michael Burgess (R-Texas) told Geithner, face-to-face, "I don't think you should fired, I think you should have never been hired." And in a television interview, Democrat Peter DeFazio (Oregon) said America needs a new economic team.

Jamie Dimon

We have reports out from Bloomberg and the New York Post speculating that J.P. Morgan Chase CEO Jamie Dimon might be a replacement for Geithner, although most believe such a move will be "a stretch."
People familiar with Dimon's thinking said he "would love to serve his country," and in recent weeks Dimon has had a noticeably higher profile in Washington, making frequent visits to government officials and earlier this month publishing an op-ed in the Washington Post that makes the case for letting large institutions that take big risks collapse rather than receive government aid.

©2007-2012copyrightMaggie M. Thornton