Once again, another example of Wall Street executives not being held accountable for their actions, in this case even being rewarded for it! Of course there is not concrete evidence (yet) that this particular person did anything wrong in the failure of Bear Stearns, but how could the hiring geniuses at the Federal Reserve possibly think hiring an ex-senior executive at a collapsed major firm would be a good idea? How could this person downplay his involvement in Bear Stearns' collapse and justify his hiring? Makes you wonder about the credibility and leadership of the Federal Reserve. I guess it really is "who you know". Just mind boggling ... What an incestuous little world the financial sector is!
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