On an Auspicious day for the Fed

So Mr. B has a second term -- it would be wise to not to be critical of one of the most power people, I suppose. But Mr. G and Mr. B reminds me of those who say: Reagan was one of our greatest Presidents -- not because he was brilliant, but because he chose and inspired good people to achieve great things.

Of course, we are also told that JFK, W Bush, and our current President have the same IQs . . .

Healthcare with the Budget, Volcker rule on a global basis, and victory in Haiti (Somalia would be good too) would be nice in 2010.

People are telling me that GS has taken a bit of a tumble. For those having difficulty getting compensated "as they deserve" at their banks/i-banks -- the opportunity of the decade will be for those that lead and own the spin-offs (hedge, prop desk, pe, etc.). In smaller spin-offs and sponsored ventures (e.g., Citi pe, Fortress, HMC spinoffs), owners have done extremely well.

Also noted that Fed e-mails indicate a bias to help GS during the AIG bailout -- like free money and putting their competitors out of business was not enough. Hope people realize that GS does not need people of brilliance -- candidates should read up on Dale Carnegie though (something about how to win friends and influence the world).

And Lazard has a new advisor -- Rohatyn (which most of us still cannot pronounce). We must all hope that we have the energy of Volcker, Rohatyn, Whitacre et. al. in our later years (and while we are at it -- guess a bit less than Edwards).

Also a bit less of Krugman's gloom and doom -- and telling the Chinese to fool with their currency. It is hard to understand Americans that ask China to do something because it might help us -- or have the hubris to think that Googleling is like eating and breathing.

Finally -- with all due deference to Mr. J -- but I wish his devices had a handle/strap -- and a detachable handset (if a bluetooth earpiece -- would, at least, recharge without carrying a separate charger). The iPad would be nice if it would fold in half, or fourths -- actually, if it was a small cube and projected a 3-d image that a person could read/interact with [that would be worthy of all this hoopla]. Thought that was the patent they just received.

Also would be great if Magicjack would finally let people keep their number -- and if they could figure out how to do business without threatening everyone else (and making money by charging for call termination).