He has a decent pedigree it’s true. Bush could have done worse. People were freaking worried after the Miers appointment. But I guess it had to come from the white house. No one else would do.
Donald Kohn would have been nice or Robert Robin would have been a godsend but that was politically impossible.
I’m worried ( and wall street is ecstatic – at least in the short term ) that he may relax the fed’s stance. Actually I’m almost 100% sure that he will. So yay housing stocks and housing.