President-Elect Picks New York Federal Reserve President Geithner, A Primary Wall Street Regulator Asleep At The Switch, As Treasury Secretary

I can't wait. Will we give the already opaque Federal Reserve even more regulatory powers to hose up the economy as one of its alumni is now heading the chief financial job in the White House? There were so many very qualified names out there with substantially more credibility. This seems like a terrible gaffe during a crisis of confidence. We don't really know a lot about Geithner's views on economics so maybe he'll redeem himself. I guess we're going to find out regardless.