The revolving door
While working on a piece about a possible bailout for the Spanish government, I discovered a couple of things that were news to me
* The Economics Minister in the (pro-austerity) Spanish government is a former executive of Lehman Brothers
* Axel Weber, formerly the ultra-hawkish head of the Bundesbank went straight from that job to the chairmanship of UBS, of which the NYT recently wrote “The bank’s recidivism seems rivaled only by its ability to escape prosecution”
Comment seems superfluous to me, but I hope readers will prove me wrong on this.