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Dimon Bucking for Treasury Secretary
If JP Morgan Chase CEO Jamie Dimon isn't trying to replace Timothy Geithner, he sure could have fooled me. In an interview with the Financial Times he objected strongly to the new Basel III requirements and advocated an American pull-out from Basel if American banks weren't granted an exemption....
So what about Timmy?
Today is undoubtedly Benny Bernanke’s day. He knew it when he woke up this morning; you and I knew it when the markets soared. Slapping on his white three-fingered gloves and donning his wizard hat, Benny climbed on top of his tower and with a single flick of his magic wand, sent markets worldwide...
Geithner Out; Bloomberg Next Treasury Secretary
Pretty interesting speculation here: http://www.businessandmedia.org/articles/2010/201… Kudlow says Geithner is out as Treasury Secretary and that NYC Mayor Michael Bloomberg has already agreed to take over. What do you think that will do for the country in general, and Wall Street in particular?
Geithner Selected As New Treasury Secretary
CNBC is reporting NY Fed Reserve President Timothy Geithner has been selected by President Elect Barack Obama as the next Treasury Secretary. http://www.cnbc.com/id/27844707 Seems like a lot of people are in favor of this given Geithner's extensive background and hands-on dealings with the Wall...
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