Jimmy:
He has a lot of redeeming qualities. You can tell that he has a conscious and he tries to do the right thing as well as bend the rules a bit to get ahead.
I agree that there must be something traumatic that causes him to work with criminals and break the law.
Mike:
Was completely content with lying low and working as a parking lot attendant. Now we are seeing hints that his daughter in law is struggling financially. It was clear in the last episode that Mike wants to live for his granddaughter and do everything possible to give her a better life. What makes it hard is knowing that he made a lot of money in Breaking Bad for her but it was all seized.
Jimmy & Mike will forge a mutually beneficial relationship in that regard until they eventually meet Walter White
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