Rumors persist in recent days that JP Morgan CEO, Jamie Dimon is being considered as the most likely replacement for Tim Geithner at U.S. Treasury, as confidence in Geithner wanes because he is too cozy with Wall Street as he insists on soft reforms for the industry.
Former NYS Governor Eliot Spitzer takes the President and his economic team to task for their light and soft approach to financial industry reform, and their failure to hold large financial corporations accountable for their continued practices that place the nation’s economy in more peril.