Jamie Dimon "In The Hot Seat," May Be Next To Fall: Charlie Gasparino

Posted: Updated:

Jamie Dimon is in the hot seat. You wouldn't know from the endless glowing press accounts he's received for steering JP Morgan Chase fairly clear of the sub-prime debt crisis that has already taken out two firms--Bear Stearns and Lehman Brothers--and forced the federal government to bailout the once mighty Citigroup with billions in aid and other measures.

But Dimon is feeling that heat, nonetheless, from analysts, who believe his firm will post a lost this quarter, the first since he became CEO in 2006; from fellow CEOs, who believe he took advantage of competitors during the height of the financial crisis in mid-September; and now even some of his own board members, who believe their straight-talking CEO spoke a little too straight in a recent CNBC interview when he described in graphic terms the problems facing JP Morgan and the rest of the financial business. Following Dimon's remarks, which he then repeated in a speech, the Dow Jones Industrial Average fell nearly 200 points, and shares of JP Morgan were among the biggest losers, tanking nearly 10 percent.

Read the whole story at The Daily Beast