Bernanke Shines; Obama Still Flailing Miserably

Ben Bernanke drew universal praise for his appearance on 60 Minutes on Sunday. It's good to see that there's at least one person who has a clue on Capitol Hill.

Meanwhile, Obama is attempting to destroy any attempt for the market to rebuild confidence in the financial system by declaring that financial companies (AIG) are being "reckless" and therefore are going to be subject to new, tougher, ad hoc restrictions on TARP funds. Just what the markets need - more Obama cluelessness and knee-jerk reactions.