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Bear Stearns Chief Risk Officer Michael Alix laughs at Americans. “The public is so stupid! America sucks!”

Posted on November 10, 2008 by admin

Michael Alix Chief Risk Officer at Bear Stearns

After reading a thousand articles about the hiring of Michael Alix, the former chief risk officer at Bear Stearns, to the Federal Reserve “bank regulator” - one has to wonder about how the American public can be so ridiculously stupid.

Here’s a guy that worked faithfully for Bear Stearns and brought it to it’s knees.  This of course led to a bailout by Congress in which Americans were FURIOUS.  And what is Mr. Michael Alix reward for his ability to crush the shareholders of Bear Stearns?  What else!?!? A wonderful career with the Bank Supervision Group of the New York Federal Reserve Board.  Michael Alix will start as Senior Vice President.

Basically, here’s what Michael Alix had to say, “The public is so stupid!  America Sucks!”

And you know what, there’s not a dang thing anyone in the public can do because we support a private banking institution called the Federal Reserve which controls - EVERYTHING.  And to think that the FED doesn’t have that kind of power?  One truly is stupid.

Here are some pundits chiming in on this ludicrous hiring:

Chuck Butler of Everbank writes -

• ” OK… I could just leave that one alone… Or… I could rip the Fed for hiring the guy who was the watchdog over risk at Bear Stearns… To do just that for the Fed! I mean, come on! Shouldn’t this guy have just slipped off quietly? But to his credit, the Fed thought enough of his abilities to hire him… I just have to question what the heck is going on at the Fed! We all know that the Fed’s balance sheet is growing bigger all the time with “risky assets,” and they need someone to manage that risk… And they picked the guy from Bear Stearns, the now defunct Bear Stearns…”

John Carney of Clusterstock.com writes -

• So, basically, he was the guy on the mast charged with yelling “iceberg” just before the titantic introduced its bow to a floating hunk of ice.

Andrew Snyder of ContrarianProfits.com writes -

• Frankly, I believe the Fed’s hiring of one of the executives at the center of today’s market fiasco proves that the “good-old boy” system remains alive and well in Washington. It is a disgrace.

Time to break out the Tin Foil Hats club!

Michael Alix deserves a huge SNORT.

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