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Source: Jamie Dimon Officially Declined Position as Treasury Secretary

Good news for all of you who’d like to see the country burn, Fortune is reporting that Jamie Dimon has officially declined the role as Trump’s treasury secretary — much to the delight of JPM shareholders.

As J.P. Morgan Chase shares are dropping on the rumor.

The Trump transition team’s draft-Dimon effort will need to look for a new pick.

Fortune has learned that Jamie Dimon, CEO of J.P. Morgan Chase JPM -2.66% , has formally told the Trump transition team that he has no interest in being the next Treasury Secretary of the United States.

According to sources familiar with the situation, the Trump transition team approached Dimon about taking the job, and spread word that the J.P. Morgan CEO was likely to accept. On Wednesday, Fox News anchor Maria Bartiromo tweeted that Dimon “will get” the Treasury Secretary position.

But Dimon has told the suitors that he’s declining, and will remain at the nation’s largest bank, measured on both market cap and assets. Surprisingly, Dimon feels he’s not suited to serving as the nation’s top ranking economic official, according to sources familiar with the situation.

According to rumors, Steve Mnuchin, former Goldman Sachs partner, is now the leading candidate for the role. Goldman wins again, even when they lose.

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8 comments

  1. t.c.

    It’s too bad Dimon turned it down.

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  2. the raconteur

    Dimon is a boss, he has no time for government positions. Would have been nice for us if he took the spot, but I understand why he wouldn’t want it

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  3. ironbird

    So that says what exactly of tape prospects? Would seem not good. Here take the pinless nuclear bomb. No thank you.

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  4. soros

    No one worth over a billion dollars loves their country anymore. Jamie Dimon has too many likes on instagram to ride that pony

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  5. roundwego

    Fuck goldman. What happened to icon.

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  6. dmfracer

    Any health concerns or has he beaten cancer?

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  7. en1gma

    It’s below his pay grade.

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  8. john_galt

    “Dimon feels he’s not suited to serving as the nation’s top ranking economic official”
    Damn right!

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