Fox, meet henhouse...

It's so nice to know that in addition to bailing out companies that made less than prudent financial moves, Uncle Sam is willing to give their castoff executives new employment:

The Federal Reserve Bank of New York has hired the former chief risk officer of Bear Stearns Cos, Michael Alix, to advise on bank supervision, according to a release in the Fed's Web site.

At Bear Stearns, an investment bank that collapsed in March and has become hallmark of the global credit crisis, Alix served as chief risk officer from 2006 to 2008 and global head of credit risk management from 1996 to 2006.

Truth truly is stranger than fiction... you couldn't make this stuff up if you tried.