A re-elected Barack Obama should pick up the phone to JPMorgan chief executive
Jamie Dimon as the best man to lead the US Treasury through a financial
crisis, Warren Buffett, the Sage of Omaha, declared.
Obama is looking for a replacement for Tim Geithner, who wants to step down. Buffett, the world's third-richest man, said: "If we did run into problems in markets, I think he would actually be the best person you could have in the job. World leaders would have confidence in him."
Installing Dimon as US Treasury chief could spark some transatlantic tensions with incoming Bank of England Governor Mark Carney. The pair clashed last year in a private IMF meeting in Washington when Dimon launched a tirade against Carney over new banking regulation, forcing Goldman Sachs chief executive Lloyd Blankfein to step in.
Carney hit back in a public speech two days later, warning against "backsliding" on reform. Dimon has previously ruled out any interest in the job.
Most Popular Stories
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Republican Jolly Wins Fla. Special Election
- Senate Dems Pull All-Nighter on Global Warming
- Copper Plunges on China Jitters
- Obama Seeks Overtime Pay for Salaried Workers
- U.S. Stocks Sink for 3rd Day in a Row
- Vestas Ramps Up Hiring to Build Wind Turbines
- Justin Bieber Comes Between Taylor Swift and Selena Gomez
- World Wide Web Turns 25
- Dianne Feinstein Accuses CIA of Spying on Congress