President-elect Barack Obama presented his economic team to the world this week. A new chairman of the Securities and Exchange Commissioner was not part of the picture. That says a lot.
For the record, I applaud the nominees Obama presented on Monday: Timothy Geithner as treasury secretary; Larry Summers as chairman of the National Economic Council; and Christina Romer as chairman of the Council of Economic Advisers. These are the sort of people you want to be in charge during a crisis, and Summers in particular is probably more intellectually able to confront the financial crisis than anyone on the planet.
