Obama Cabinet Update

Bob Rubin does not want to serve as treasury secretary, which I see as a good thing.

The last thing we need is another Wall Street insider handling this.

Rahmbo is in as chief of staff. Rahm Emanuel has accepted Obama's offer that he be chief of staff.

I hate his politics, but like his partisanship, and the fact that he is a hard ass. As gatekeeper to the resident, I think that he will make it harder for people bleating about bipartisanship to get face time with the president elect.

One development that surprises me is that Barney Frank is strongly pushing for Sheila Bair, currend FDIC chair, to have a role. She did a good job with IndyMac, but she's a Bushie.