Finally, here's a choice bit from the Fed that they snuck in underneath all of the election news:
New York—Michael Alix has been named a senior vice president in the Bank Supervision Group of the Federal Reserve Bank of New York. He will serve as a senior advisor to William L. Rutledge, executive vice president, Bank Supervision Group. Mr. Alix’s appointment was made by the Bank’s board of directors and is effective, November 3, 2008.
Most recently, Mr. Alix worked for the Bear Stearns Companies, Inc., where he served as chief risk officer from 2006-2008 and global head of credit risk management from 1996-2006.
I mean, it wasn't enough that they got a former Bear Sterns exec... it had to be the RISK OFFICER.
Wowser.
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