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Dimon Diplomacy & More Zazonomics

News and notes on the inside conversation on Wall Street: “The Jamie and Janet Show,” David Zaslav’s incentives, and Elon’s fuzzy math.

The opportunity for Jamie Dimon to join the White House cabinet would also provide Dimon with the perfect cover to finally appoint a successor.
The opportunity for Jamie Dimon to join the White House cabinet would provide the perfect cover to finally appoint a successor. Photo: Drew Angerer/Getty Images
William D. Cohan
April 2, 2023

For the second time in 15 years, Jamie Dimon was asked to serve on a Wall Street rescue committee, this time joining forces with Janet Yellen to lead an effort among 11 rival banks to stabilize First Republic. It was, as the Times reported, “the Jamie and Janet show,” a veritable reprise of Dimon’s role during the 2008 crisis, raising questions once again of whether this was simply the noblesse oblige of running the world’s largest bank or a preview of his ambitions to run the Treasury, himself.