Picking Industry Insiders for their "Experience" is Such a Good Idea

Because the corporate raider that Barack Obama has put in charge of the auto industry bailout has now been tied to a kickback scheme involving the New York state pension fund:

The man leading the Obama administration’s efforts to restructure the auto industry has been described in Securities and Exchange Commission documents as having arranged for his investment firm to pay more than $1 million to obtain New York State pension business.

Although he is not named in the documents, a person with knowledge of the inquiry said the investment executive is Steven Rattner, co-founder of the Quadrangle Group, the prominent private equity firm

Gee....Hoocoodanode that a man who is a corporate chop shop might be ethically challenged.

This is why expertise does not trump ethics and philosophy. Summers, Geithner, Rattner, etc. are all either wrong doers, or were until recently in the pay or wrong doers, and are largely responsible for the problem.

It's like making an arsonist for hire your fire department chief.