President Elect Obama announces his new Secretary of Housing and Urban Development. What I particularly like about the announcement is Obama’s recognition that a housing mortgage crisis solution team should have the HUD Secretary as a key player. I have been wondering for months why we never hear from Bush’s HUD Secretary, whoever that may be.

I think it says a lot about Bush’s understanding of how to make the executive branch work, that he has not realized that a housing financial crisis is not just a financial crisis, but that it also involves housing.