Tuesday, November 27, 2012

Buffett: Jamie Dimon The 'Best Person' For Treasury Secretary




Tim Geithner is leaving at the end of Obama's first term so the speculation for who will be the next Treasury Secretary is running hot, reports BI.

Billionaire Warren Buffett has just thrown his pick out. He told TV host Charlie Rose that JP Morgan CEO Jamie Dimon would be the best man for the job.

From Bloomberg: “If we did run into problems in markets, I think he would actually be the best person you could have in the job,” Buffett said in response to a question about Dimon from Charlie Rose, according to the transcript of an interview that was scheduled to air yesterday on PBS. “World leaders would have confidence in him....”

And about that $6 billion trading lost JP Morgan suffered earlier this year... Buffett thinks it shows Dimon knows how to handle intense pressure…….

Read more: http://www.businessinsider.com/warren-buffetts-treasury-pick-2012-11#ixzz2DRH3uah1

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