There was a very quiet announcement on Tuesday - which happened to be election day so almost no one was paying attention:
Michael Alix, the chief risk officer at Bear Stearns from 2006 through its bankruptcy from risky investments, was appointed as a senior vice president in the bank supervision group of the Federal Reserve Bank of New York. Before becoming the chief risk officer he was the bank's global head of credit risk management from 1996-2006. Bwahahahaha.
Damn, that's arrogance. Steal from us, lie to us, and then piss in our faces.
2 weeks ago
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