Having frozen Panetta out of the California governor's race in 1998 by not deciding whether to run until he had no chance of lining up financial backing, now would be a good time to stand aside and let him rise to the occasion.
If you have not heard of Mary Schapiro, it is because she has not been much of a player, much less a crusader, in the struggle for reform. She is the kind of Democratic appointment that allows Wall Street to breathe a huge sigh of relief.
Gov. Vilsack has integrity through and through. He is impeccable with his word, and is open about his thoughts. He also has an incredibly unusual quality for a politician (if he even is one): he listens.