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Fed Hires Former Bear Stearns Risk Officer To Regulate Banks
This Link is located in the Public Channel Contrarian Stock Market News and Views.
Posted by lucretius 64 days ago (www.contrarianprofits.com).  Views: 2
Tags: stock market news  contrarian investing  financial ideas  stock ideas
If you were in charge of risk management at a company that imploded due to over-leveraging, you might expect a tough time finding a new job. Not Michael Alix though. The former chief risk officer at Bear Stearns has just been hired by the Fed to advise on bank regulation. No joke.

More from Andrew Snyder at Today’s Financial News:

In one of the latest what-were-you-thinking moves, the Federal Reserve just announced it has hired Michael Alix as a bank regulation advisor.

Who the heck is Michael Alix, you ask? He is the former chief risk officer at Bear Stearns, a company that thought risk-management was an oxymoron. Essentially, he is the guy that allowed Bear Stearns to get so over-leveraged, it collapsed under…

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