Chasing Rahm...

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On Sunday, the NY Time reported that Rahm Emanuel, Obama's chief of staff, was going to be attending JP Morgan Chase's board meeting.

Today, he's changed his mind.

In a world where appearances mean so very much, having a key Obama operative hanging out with Jamie Dimon and the others who've profited so very nicely from the collapse of the economy might send a wrong signal.

I'm left wondering what Rahm was going to be doing at the meeting. Perhaps asking for a refund? Suggesting that Chase share its profits with the middle class that's been royally screwed by the crisis? Or cementing the feel-good relationship between Washington and Wall Street?

We'll never know for sure.

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