{"id":193970,"date":"2008-11-04T18:21:00","date_gmt":"2008-11-04T23:21:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/11\/04\/whiskey-tango-foxtrot-46\/"},"modified":"2008-11-04T18:21:00","modified_gmt":"2008-11-04T23:21:00","slug":"whiskey-tango-foxtrot-46","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/11\/04\/whiskey-tango-foxtrot-46\/","title":{"rendered":"Whiskey Tango Foxtrot"},"content":{"rendered":"<p>The Federal Reserve has <a href=\"http:\/\/www.clusterstock.com\/2008\/11\/fed-hires-bear-stearns-risk-boss\">hired Michael Alix with the responsibility of assessing the risk and soundness of institutions<\/a>.<\/p>\n<p>He was, <span style=\"font-size:180%;\"><span style=\"font-weight: bold;\">&#8220;The chief risk officer of Bear Stearns from 2006 until 2008.&#8221;<\/span><\/span><\/p>\n<p>I have made comments now and again&#8230;.OK, nearly continuously&#8230;.That one of the problems with Wall Street is that there is no accountability for the big players.<\/p>\n<p>This like making <span style=\"font-weight: bold;\">Typhoid Mary<\/span> chief cook on the Titanic.<\/p>\n<p>There is an entire generation of mostly Ivy League trained investment banking types who should be banned from the securities business for life plus 800 years.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Federal Reserve has hired Michael Alix with the responsibility of assessing the risk and soundness of institutions. He was, &#8220;The chief risk officer of Bear Stearns from 2006 until 2008.&#8221; I have made comments now and again&#8230;.OK, nearly continuously&#8230;.That one of the problems with Wall Street is that there is no accountability for the &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[970,1004,982],"tags":[],"class_list":["post-193970","post","type-post","status-publish","format-standard","hentry","category-corruption","category-finance","category-stupid"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193970"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=193970"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/193970\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=193970"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=193970"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=193970"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}