The latest rumor about blood on the floor in Washington goes all the way up to Tim Geithner. The undercurrent is that the Obama PR machine needs yet another human sacrifice to deflect criticism for the weak dollar, the spiraling deficit and especially that nasty double digit unemployment, and that Geithner is the one who will be falling on his own sword.
Forget measly press secretaries and tame staff attorneys, we are now looking at cabinet purges at a time when (ten months in) all the initial appointments still haven’t been made! Sometime between now and Christmas, Mr. Geithner may well be “exploring opportunities in the private sector.”
His replacement? Jamie Dimon of JP Morgan Chase.
Jamie is having too much fun running rings around these guys to be the one who is everyone will be running rings around.