The chairman’s reviews start coming in.

For the record, as I told my friend George back in early ’08, the only good thing Bush ever did was to appoint him.

Throwing money from a helicopter is exactly what we needed, and noone except professor Bernanke could have come up with as many ways to do it that quickly.  This also gives me great confidence he will find the ways to sop up the liquidity as needed.

I have no doubt without his actions we would still be shrinking, everyone freaking out, and unemployment at 15%+

Ritholtz has some good news

Good news today. Some of you have noted that it is somewhat outrageous for the Treasury to privately price and sell warrants back to the banks that got TARP money instead of doing an open auction that will fetch the best price for the taxpayer. The Congressional Oversight Panel claims that the currently used secret process returns only 66 cents on the dollar to the taxpayer.

Mary Jo Kilroy, a freshman Democrat from Ohio, introduced a bill (HR 3232) to compel an open auction of these warrants with six cosponsors: Brad Sherman, John Boccieri, Betty Sutton, Jackie Speier, Marcia Fudge and Alan Grayson.

All of these members except Brad Sherman are in their first or second term in Congress, and all are Democrats. Sherman was the leader of the little noted but important ‘skeptics caucus’ that attempted to stop the $700B bailout in September.

There is also a hearing on the TARP warrant repayments on Wednesday. Many of you don’t have faith in Congress, but there are lots of crosscurrents and sometimes people here do show leadership.

I’m beginning to think Steve Jobs should have been the least of our worries about Apple.

First Jon Rubinstein goes to Palm to develop the Pre.  Now George Blankenship goes to Microsoft to help setup their stores.

Who will be next?