tim geithner gives a stern look at indian economic forumFlickr |
U.S. Embassy New DelhiTimothy Geithner, Secretary of the
Treasury  Ever since JP Morgan revealed it's $2 billion (and
increasing) trading loss, many critics have called for CEO Jamie
Dimon's head. Many have also pointed to and questioned Dimon's
position on the board of directors of the New York Fed, saying
that that a bank executive should not have so much influence
over a regulatory agency.  Yesterday, in an interview with PBS
NewsHour, Treasury Secretary Timothy Geithner also chimed in on
the issue, saying that although the argument many have made
against Dimon is not new, it is something worth considering.
Here's what Geithner told PBS's Jeffrey Brown  JEFFREY
BROWN: One more question on this. This also sheds some light --
you focus again on the seeming coziness between Wall Street and
Washington. Elizabeth Warren, who helped set up the Consumer
Protection Agency for the administration, now running for the
Senate in Massachusetts -- she sai