Robert Higgs • Friday, November 7, 2008
According to an Associated Press report dated November 4, 2008:
Michael Alix, who worked at Bear Stearns for 12 years and was its senior risk manager since 2006, was named a senior vice president in the bank supervision group of the Federal Reserve Bank of New York, according to an announcement by the Fed.
This report speaks for itself. I have nothing to add.