NEW YORK ( TheStreet) -- As Treasury Secretary Timothy Geithner has returned to the crosshairs of criticism, Washington has reportedly set its eyes upon a popular Wall Street executive to replace him: JPMorgan Chase ( JPM) CEO Jamie Dimon.
Jamie Dimon is reportedly being considered as a replacement for Timothy Geithner
Geithner's tenure has been rocky with lawmakers and the public, and recently he has appeared to have fallen out of favor again. Geithner has come under criticism for the Obama administration's regulatory overhaul, which he had a key role in developing, as well as the bailout of American International Group ( AIG) and its trading partners, like Goldman Sachs ( GS), during his position as New York Federal Reserve chief in the previous administration. Last week, he got into a heated exchange with members of the Joint Economic Committee over the handling of the economic crisis, with Republican Rep. Kevin Brady of Texas asking whether he'd resign and saying "the public has lost all confidence in your ability to do your job." It's unclear whether that will happen, but JPMorgan's Dimon may be at the frontline of possible successors, according to the New York Post. Dimon has had what appears to be a friendly relationship with regulators. He has also been quite vocal in his views about regulatory proposals, even if they don't necessarily benefit the industry or JPMorgan. For instance, while he has been critical of plans for a consumer protection agency, he recently wrote an op-ed in the Washington Post outlining his opposition to the notion of "too big to fail," despite the fact that his bank is considered just that.
Steve Ricchiuto, MZUHO Securities chief economist, and Bob Michele asset management global CIO with JP Morgan (JPM), joined BloomberTV's 'Bloomberg GO' to discuss the economy and the Fed raising rates.