From OnDeadline:

The man who was in charge of risk at Bear Stearns when it almost collapsed in March has been hired by the Federal Reserve Bank of New York to supervise the financial safety and soundness of U.S. banks.

Michael Alix is a senior vice president in the bank supervision group of the New York Fed, according to an announcement. Previously he worked at Bear Stearns for 12 years, 10 as the worldwide head of credit risk management. He was senior risk manager when the government helped rescue the investment bank. Before Bear he spent eight years at Merrill Lynch, which sold itself to Bank of America in September amid the financial meltdown.

The bailout was nothing more than Wall Street guru's finding a way to line their pockets at the taxpayer's expense.  This guy should be out on the street, and instead is being rewarded for his "expertise" in helping to cripple the housing market.  Your tax dollars at work.