Friday, July 1, 2011

Last Call

This Politico.com article presented without comment.

Treasury Secretary Timothy Geithner would like to leave the Obama administration this fall if economic conditions are stronger and the debt ceiling debate is resolved in a timely manner, according to a person familiar with his thinking.

Possible replacements to be President Barack Obama’s top economic adviser, according to a senior administration official, include Erskine Bowles, White House chief of staff under President Bill Clinton, and Roger Altman, a prominent investment banker and former deputy Treasury secretary.

Jamie Dimon, chief executive of JPMorgan Chase, is considered a strong dark-horse candidate.  Dimon has said he is not interested in public office but many on Wall Street believe he would accept the job if asked by Obama. But the White House will have to decide whether Dimon, who leads the most successful bank in the U.S., is too closely aligned with Wall Street.

OK, I lied.  Some commentary:  if Jaime Dimon, CEO of the richest investment bank on Wall Street, is not "too closely aligned with Wall Street" then there isn't anyone who possibly could be so.

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