YOU CAN'T SERVE TWO MASTERS...:

Longtime Crisis Manager Pleases Wall Street, Mystifies Some Democrats (JON HILSENRATH and DEBORAH SOLOMON, 11/22/08, Wall Street Journal)

At a time of crisis unmatched since the Great Depression, President-elect Barack Obama has put his faith in one of the world's most experienced financial crisis managers -- a man popular with the Wall Street leaders he's consulted with closely over the years, but a mystery to many traditional Democratic constituencies.

"He is a great choice," said Merrill Lynch & Co. Chief Executive Officer John Thain, who was considered a candidate for Treasury secretary if Republican Sen. John McCain had been elected. "This will be one of the most important jobs in the new administration as we get through this crisis, and Tim understands markets and policies better than almost anyone."

But Andy Stern, president of the Service Employees International Union, said recently: "I always worry about somebody who has spent his whole life at the Federal Reserve....I just don't know him."

...so the Unicorn Rider is serving the money men, not the "grassroots."

Posted by Orrin Judd at November 22, 2008 9:37 AM