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Fink, Dimon among leading candidates for Treasury secretary job

MARK DeCAMBRE

President Obama may extend an olive branch to Wall Street in selecting his next Treasury secretary.

With current Treasury boss Tim Geithner expected to step down before the end of the year, at least some of the names being bandied about by insiders are Wall Street executives who haven't been marred by government bailouts and still carry Street clout.

BlackRock CEO Larry Fink could be one of the executives that the administration turns to in the coming months to take Geithner's post as Treasury secretary, according to the Wall Street rumor mill.

Another executive who could be considered is JPMorgan Chase CEO Jamie Dimon -- a Wall Street titan who has perhaps been the most vocal critic of the administration's moves during the market's recovery.

Dimon has told colleagues variously that he's not interested in taking the post or that Washington would not genuinely consider him.

Fink has been on the top of short lists to replace a number of vacancies at top firms and hasn't been shy about liking to master new challenges. Since helping found BlackRock in 1988, Fink has grown the investment management firm into a $3.5 trillion behemoth after merging with Barclays Global Investors two years ago.

Some non-Wall Street candidates could be Sheila Bair, who is slated to leave the Federal Deposit Insurance Corp. as its chairwoman this month. Sources say that she's not keen on going back into civic duty.

Jacob Lew, named director of the Office of Management and Budget last year; Gene Sperling, currently counselor to Geithner; and Commodity Futures Trading Commission head Gary Gensler are others mentioned as possible nominees.

: http://www.nypost.com/p/news/business/fink_dimon_among_leading_candidates_7qKzYGZ5Nw0kPvsPGfZEZM#ixzz1RF6aCOC0

June 30, 2011

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