Quote :

"TREASURY DEPARTURE LOUNGE UPDATE - Treasury Secretary Tim Geithner is under intense pressure to remain at his post through President Obama's re-election campaign next year but still may head out the door if a confirmable replacement can be found. The White House has made it clear it does not want to lose Geithner, the president's chief economic advisor and trusted crisis consigliere. But the Treasury secretary has said he wants to return to New York this fall where his son is entering his last year of high school. He had hoped to leave after the debt ceiling drama ended and before bruising battles over tax, entitlement and housing reform resume in earnest this fall. But the thumbs-up has not come from senior White House staff. And the pressure on Geithner to stay ratcheted up significantly when the NYT moved a story saying the Treasury secretary was "expected to stay." That's generally code for: Sorry, buddy, you're stuck here. People close to the matter said Geithner has not yet acceded to White House pressure and would still be inclined to go if a suitable replacement can be found. The list of possible replacements is led by Wall Street banker and former Assistant Treasury Secretary Roger Altman and former White House Chief of Staff Erskine Bowles. Bowles, a moderate with GOP ties, is viewed as perhaps the easiest to confirm. But anyone is likely to face a fight that the White House does not want as it approaches reelection with a weak economy. JPMorganChase chief executive Jamie Dimon is not eager for the job but would almost certainly do it if asked. His appointment would generate enormous support in the business community and among Republicans. But people on the left contend that Dimon it "too tied to Wall Street," whatever that means. M.M. has never really understood the knee-jerk response he gets when he mentions Dimon to Democratic insiders and they just laugh off the notion as impossible because he is a banker who happens to run a company that makes tons of money and never needed a bailout. The horror! "

from Politico's Morning Money email.

8/4/2011 9:43:54 AM

Quote :

"JPMorganChase chief executive Jamie Dimon is not eager for the job but would almost certainly do it if asked. His appointment would generate enormous support in the business community and among Republicans. But people on the left contend that Dimon it "too tied to Wall Street," whatever that means. "

Is it just me or does the first bold part not explain what the second bold part it means?

8/4/2011 10:38:57 AM

Pretty sure it's meant tongue-in-cheek. Maybe it's hard to tell because I only posted a portion of the overall email/articles, but it's written fairly informally...

8/4/2011 10:42:11 AM

haha yea after re-reading it, i get it.

8/4/2011 11:05:19 AM