Infowars
November 23, 2009
Swapping out Timothy Geithner for Jamie Dimon? More lipstick on a pig.
Speculation has it a game of musical chairs is underway at the Treasury and the Fed. Geithner and Bernanke may be offered up as scapegoats as the economy continues its perilous (and planned) descent. Congress is worried about rising federal deficits and unemployment as the mid-term elections approach, so Geithner and Bernanke may be required to fall on their swords.
“The theory is that the President will fire Geithner and pull he support for reappointing Bernanke to show that he is concerned with the problem and is willing to bring in new blood,” opines 24/7, an investment website. “The latest in speculation is the Geithner will be gone soon and JPMorgan Chase & Co. CEO Jamie Dimon will become the next Secretary of the Treasury.”
Jamie Dimon is the preferred choice, according to the New York Post, because JPMorgan came out at the top of the big bank pile-up during the so-called credit crisis. Dimon’s JPMorgan was “reasonable about the pay packages it has given to its management and top financiers, unlike Goldman Sachs, which will distribute record bonuses this year,” writes Douglas A McIntyre. FULL ARTICLE>>>>
