Five reasons to give thanks for the financial collapse of the decade.

And there's nothing like a government bailout to create new public-sector heroes. Hank Paulson, 62, is probably too old; in any case, he's tarred by his association with both George Bush and Goldman Sachs. But 47-year-old Tim Geithner at the New York Fed is perfectly positioned to make Americans feel as if their financial system is in good hands for many years to come.

I have no real idea if Geithner knows what he's doing and he may not either. (``Bail out that one. No! Not that one -- the other one!'') It doesn't matter. He's in the middle of great events and should, by the end of them, know more about what happened than anyone.

Whatever happens to the U.S. financial system someone is bound to get the credit for something even worse not happening and, as no one really understands what Geithner does, he's the obvious choice.

3) Ordinary Americans get a lesson in low finance.

It's been expensive but, then, so is kindergarten.

Our willingness to believe that we can hire some expert to tell us how to outperform markets is a big problem, with big consequences. It underpins Wall Street's brokerage operations, for instance, and leads to a lot more people giving out financial advice than should be giving out financial advice.