The beatification of Jamie Dimon

We're starting to see a spate of books about the credit crunch--before its even over. In this era of insta-books, we'll inevitably get some snap judgments. Duff McDonald has come forward with "Last Man Standing: The Ascent of Jamie Dimon and JPMorgan Chase." It's a biography that takes a look at Dimon's entire career, but most will be interested in the parts that deal with the credit crunch.

It's generally a positive look at the man, arguing that he was "quite literally the only chief of a major bank to have properly prepared for the hundred-year storm." One issue when the subject of a book is heavily involved is that you end up making sure to balance every non-positive aspect with a heavy does of the other side.

The New York Times notes, "it is filled with parenthetical passages apparently intended to add balance but that sometimes end up contradicting other passages." And this: "In addition, despite having much access to his subject, Mr. McDonald fails to press Mr. Dimon for specific details about his personal roles in controversial episodes like the Lehman debacle."

For more:
- here's the article

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