Government pursuit of JPMorgan aggressive: Bill Daley

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The investigations by the federal government into JPMorgan Chase show "a bit of an aggressiveness" because of CEO Jamie Dimon's "notoriety" and the bank's success, William Daley, former JPMorgan man and White House chief of staff to President Barack Obama , told CNBC on Thursday.

"They make a great target because they make a lot of money and they've done real well. Jamie's as good a CEO as there is in any industry," he said in a " Squawk Box " interview. Daley was also a former Commerce Secretary under Bill Clinton .

"The government's got to look at them," he continued. "I think there's a bit of an aggressiveness here because of Jamie's notoriety, and the fact is JPMorgan has been very successful financially. They are an easy target. If they were on their knees [the government] probably wouldn't be so anxious to try to pound them."

JPMorgan finds itself in the crosshairs of government regulators over allegations of sales of shoddy mortgage securities leading up to the crisis. Dimon recently met with U.S. Attorney General Eric Holder in Washington to discuss a possible settlement rumored to be in the $11 billion range. Several of the government investigations stem from JPMorgan's purchase of Bear Stearns and Washington Mutual.

By CNBC's Matthew J. Belvedere . Follow him on Twitter
@Matt_SquawkCNBC .

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