We've noted often that Jamie Dimon has emerged as something of a go-to guy for regulators in Washington. Having played a key role in the bailout of Bear Stearns, he had the ear of important people early and he's never given that up. He's also not encumbered with the PR baggage that dogs Goldman Sachs CEO Lloyd Blankfein.

But Forbes notes that he--and all of Wall Street--have some huge challenges ahead of him: A movement to exchange based trading of various derivatives, a too-big-to-fail bill and a tough credit card act. A Democrat, Dimon seems natural for the leadership role, and he seems to relish this. He weighed in recently on a bill that would allow the government to break up failing big banks. Dimon has reportedly been telling others in the industry that they've "learned a lesson," which is to get engaged in Washington in a big way. We'll see how his close ties with the President--forged in his Chicago days--will serve the industry now. 

For more:
- here's the article

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