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JP Morgan’s Jamie Dimon: Secretary of the Treasury?

Written by Gary North on November 12, 2016

Goodbye, Goldman Sachs. Hello, JP Morgan?

It never hurts to ask.

A senior person on President-elect Donald Trump’s transition team contacted JPMorgan Chase & Co Chief Executive Jamie Dimon to see if he would be interested in being U.S. Treasury secretary, a person familiar with the matter said on Thursday.

It is unclear how Dimon responded, said the person, who was not authorized to speak publicly. Dimon has said multiple times in the past that he is not interested in the job – most recently in September.

JPMorgan spokesman Andrew Gray declined to comment.

CNBC earlier reported that Trump’s advisers had discussed the idea of Dimon, 60, becoming Treasury secretary.

Dimon is viewed as a leader on Wall Street and his name has been floated for government positions in the past. On Wednesday, he sent a memo to staff calling for unity in the aftermath of the contentious election.

Oh, well. There’s always Citicorp.

Robert Southey had it right in his poem, “The Battle of Blenheim” (1798).

“And everybody praised the Duke
Who this great fight did win.”
“But what good came of it at last?”
Quoth little Peterkin.
“Why, that I cannot tell,” said he,
“But ’twas a famous victory.”

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