Ethics

The Fox Guarding the Chicken Coop

By Ed Brayton

I read this story and I kept waiting for a window to popup saying, "We were just messing with you, even the government wouldn't be this stupid." The Federal Reserve Bank of New York has just made a brilliant hire:

The New York Fed said in a release dated Friday Michael Alix has been hired as a senior vice president in the Bank Supervision Group, under William Rutledge, executive vice president in that group.

Mr. Alix was Bear Stearns' chief risk officer from 2006 through 2008. He was global head of credit risk management from 1996 to 2006 at Bear, the New York Fed said. Mr. Alix also worked at Merrill Lynch before coming to Bear Stearns.

Because he did such a great job of overseeing risk at Bear Stearns.

Full post as published by Dispatches from the Culture Wars on November 10, 2008 (boomark / email).