When the New York Times reported that White House chief of staff Rahm Emanuel had agreed to be a guest speaker at a JPMorgan Chase board meeting to be held in Washington, it might have made him--or people close to him--nervous. How else do you explain his last-minute cancellation?

People may have thought the PR risk was too high. While there may be nothing wrong, legally, with such an appearance, it may suggest that Emanuel is cozy with a bank that is headed by the rising power in Washington and on Wall Street, Jamie Dimon. Timothy Geithner had already declined an invitation to appear. 

For more:
- here's a Reuters article

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