Hot Air » Blog Archive » Another Obama appointee on leave of absence:
Another high-ranking official in the Obama administration has had to leave his position, and in this case, one has to wonder how he got the job in the first place. Scott Polakoff, the top bank regulator for the Treasury, has taken a leave of absence after internal audits uncovered his allowance of backdated capital infusions, which could amount to cooking the books for IndyMac and other institutions. But the OTS chief had also been responsible for regulating AIG as well (via The Boss):
"We know that the Obama administration hasn’t exactly set speed records for staffing Treasury. Now they’re going backwards, but one has to wonder why they promoted Polakoff in the first place. If Polakoff’s last big entry on the resumé involved regulating AIG, why would the Obama administration promote him to the top position among financial regulators? It’s not as if no one heard about AIG’s collapse."
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