[F]ormer Bear Stearns chief risk officer Michael Alix has landed a job in the office of the Federal Reserve charged with assessing the safety and soundness of domestic banking institutions.
We suppose that Alix at least has plenty of experience with unsound banking institutions. He was the chief risk officer of Bear Stearns from 2006 until 2008. So, basically, he was the guy on the mast charged with yelling “iceberg” just before the titantic introduced its bow to a floating hunk of ice. …
Thanks to Bob Ormond for the pointer.