I am gobsmacked. This bullshit bailout was a disaster from day one and now they're piling mistake upon mistake. Who is this Alix guy?
"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."
Is everyone taking crazy pills? What, praytell, gives the Fed the idea that this edjit is someone who should be in any way in a position of authority in finance? Those two job titles alone should preclude him from managing anything larger than a corner store.