Buffett tips Dimon for US Treasury

A re-elected President Barack Obama should pick up the phone to JP Morgan's chief executive, Jamie Dimon, as the best man to lead the US Treasury through a financial crisis, Warren Buffett, the Sage of Omaha, declared yesterday.

Mr Obama is looking for a replacement for Tim Geithner, who wants to step down. Mr Buffett said: "If we did run into problems in markets, I think he would actually be the best person you could have in the job."