There was something odd in the renewed reports last week that JPMorgan Chase Chairman and CEO Jamie Dimon was headed for the top job at the Treasury Department.

For one, it was unclear what President Obama would gain. Sure, his current secretary, Tim Geithner, got beat up (again) on Capitol Hill, mainly for allegedly being too close to financial services big shots. As the former president of the Federal Reserve Bank of New York, Geithner is also criticized for playing an instrumental role in last year's bailouts.

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