Just a few days ago James Dimon, CEO of JPMorgan Chase, was riding high. Not only did he pick up Bear Stearns in what amounted to a fire sale – shares that only a year ago fetched $159 a piece were going for $2 – he was heralded for doing so. Seen as a savior, it was Dimon who along with the feds was credited with having crafted a deal that would wrest Bear Strearns from the clutches of bankruptcy.