Jamie Dimon has spurned Donald Trump’s offer to be the next Secretary of the Treasury. The head of J.P. Morgan Chase is staying put for now.
According to a report in Fortune, Jamie Dimon informed Donald Trump’s transition team that he has no interest in joining the Trump cabinet. The news comes after days of reports that Trump was looking at Dimon as a possible candidate to head the U.S. Treasury Department.
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Dimon has said publicly "not suited for job/staying @jpmorgan" but its down to him and Mnuchin. We won't know for sure until end of week
— Maria Bartiromo (@MariaBartiromo) November 16, 2016
Apparently Jamie Dimon does not feel that he is suited for the job. Or maybe he just doesn’t want to work for Trump.
In any event, the fact that Donald Trump is looking to Wall Street for people to serve in his economic team confirms the fears of those on the left who supported Bernie Sanders’ Presidential bid. Trump is expected to dump the Dodd-Frank Bill which increased financial regulations after the sub prime mortgage debacle.