We've noted recently that Jamie Dimon's stock is at an all-time high, especially in Washington. Where he seems to be flexing his muscles. But Treasury Secretary? That's the latest rumor, fanned in part by the New York Post, which reported that "a number of policy makers have begun mentioning Dimon as a successor to Geithner, whose standing in Washington has suffered because of the country's high unemployment rate, the weakness of the dollar, the slow pace of the recovery and the government's mounting deficit."

Certainly, Dimon has shown a willingness to get involved in regulatory issues. He even held a recent board meeting in the District and feted some fairly high profile regulators, but I can't see this happening. The notion that it would be yet another former bank exec out to create a bank-friendly, consumer-unfriendly industry would be hard to overcome.

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