With all the good analysts and all the people looking for jobs, the NY Fed goes for ... "that one":
In a move that is sure to put to rest the notion that there are no second acts in American life, former 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. -Clusterstock
I guess if you donate heavily to the industry lobby group, it helps your employment possibilities?
This is one of the dumbest Wall Street moves, yet...
