It’s Astounding! The World Bank’s New Treasurer Is Former Lehman Bros’ Global Head Of Risk Management

30 Jun

“It’s astounding;
Time is fleeting;
Madness takes its toll.
But listen closely…”

You really can’t make this stuff up.

Remember Lehman Brothers?

The Wall Street bank whose collapse in September 2008 sparked the global meltdown known as the Global Financial Crisis?

It seems that putting the whole world inside a real-life Rocky Horror Show through your galactic incompetence, corruption, and/or “voyeuristic intention”, is just the kind of stellar accomplishment to earn you the attention – and the anointing – of the premier banksters on the planet:

World Bank Appoints Madelyn Antoncic as Treasurer

Press Release No: 2011/564/EXT

Brings “record of leadership, innovation, and integrity,” Zoellick says

WASHINGTON, June 23, 2011 The World Bank today appointed Madelyn Antoncic as its new Vice President and Treasurer, hiring an experienced senior executive from the financial industry who has been active in the regulatory and policy debate.

“Known for her forthrightness, I am delighted Madelyn is taking up this important role,” said World Bank Group President Robert B. Zoellick. “She brings to the Bank an extensive background in the financial industry and a demonstrated record of leadership, innovation, and integrity.

As Treasurer, Antoncic will be responsible for maintaining the World Bank’s high standing in financial markets and for managing an extensive client advisory, transaction, and asset management business. She will be responsible for leading seven Treasury business lines: the Capital Markets Department; Investment Management Department; Pension & Endowments; Quantitative Risk Analytics; Treasury Operations Department; Banking & Debt Management, and Sovereign Investment Partnerships.

Biographical details:

Antoncic began her career as an economist at the Federal Reserve Bank of New York where she carried out research on economic and money market conditions as well as on finance. In 1985, she began 12 years at Goldman Sachs in various posts, including as head of market risk management, special assistant to the co-vice chairmen and more than seven years trading structured products. She then had a 2-year stint at Barclays Capital as the Americas’ Head of Market Risk Management and Treasurer.

After leaving Barclays in 1999, Antoncic joined Lehman Brothers as Global Head of Risk Policy and subsequently Global Head of Market Risk Management; from 2002-2007, she served as Chief Risk Officer. In 2007, she was moved to an externally focused role as Global Head of Financial Markets Policy Relations. After the Lehman bankruptcy, Antoncic agreed to stay on for a year as Managing Director and Senior Advisor at the Lehman Estate to help maximize the value to Lehman creditors.

Since 2007, Antoncic has been active in the regulatory and policy debate, working with industry groups advising senior policy makers on regulatory reform and systemic risk issues. She was a policy member of the Counterparty Risk Management Policy Group (CRMPG) III and a member of the Institute of International Finance (IIF) Committee on Market Best Practices.

A U.S. national, Antoncic holds a Ph.D. in Economics and Finance from New York University.

Contacts:

David Theis: 202-458-8626

Broadcast— Natalia Cieslik: 202-458-9369

Did the World Bank also interview Bernie Madoff for the job?

Or did his prison sentence, and his little Ponzi scheme’s abject failure to shaft billions of ordinary people (he only screwed thousands … of wealthy people), preclude him from being in the running?

And on that truly inspirational note – Happy End of Financial Year to you all!

Sing along everyone …

RiffRaff:
It’s astounding;
Time is fleeting;
Madness takes its toll.
But listen closely…

Magenta:
Not for very much longer.

RiffRaff:
I’ve got to keep control.

I remember doing the time-warp
Drinking those moments when
The Blackness would hit me

Magenta:
And the void would be calling…

Transylvanians:
Let’s do the time-warp again.
Let’s do the time-warp again.

Narrator:
It’s just a jump to the left.

All:
And then a step to the right.

Narrator:
Put your hands on your hips.

All:
You bring your knees in tight.
But it’s the pelvic thrust
That really drives you insane.
Let’s do the time-warp again.
Let’s do the time-warp again.

Magenta:
It’s so dreamy, oh fantasy free me.
So you can’t see me, no, not at all.
In another dimension, with
voyeuristic intention,
Well secluded, I see all.

RiffRaff:
With a bit of a mind flip

Magenta:
You’re into the time slip.

RiffRaff:
And nothing can ever be the same.

Magenta:
You’re spaced out on sensation.

RiffRaff:
Like you’re under sedation.

All:
Let’s do the time-warp again.
Let’s do the time-warp again.

Columbia:
Well I was walking down the street
just a-having a think
When a snake of a guy gave me an
evil wink.
He shook-a me up, he took me by surprise.
He had a pickup truck, and the
devil’s eyes.
He stared at me and I felt a change.
Time meant nothing, never would again.

All:
Let’s do the time-warp again.
Let’s do the time-warp again.

Narrator:
It’s just a jump to the left.

All:
And then a step to the right.

Narrator:
Put your hands on your hips.

All:
You bring your knees in tight.
But it’s the pelvic thrust
That really drives you insane.
Let’s do the time-warp again.
Let’s do the time-warp again.

Think about it.

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3 Responses to “It’s Astounding! The World Bank’s New Treasurer Is Former Lehman Bros’ Global Head Of Risk Management”

  1. JMD June 30, 2011 at 10:52 am #

    God yeah, she sure knows risk when it stares her square in the face!

    She’ll be dancing right up until the music stops, good work if you can get it.

  2. MrGregorio July 2, 2011 at 2:15 am #

    I thought the same thing….but they say she was fired pre collapse for ‘warning’ them. Dick Fuld walked away with 320 million dollars (5 years pay) and got a get out of jail free card. That’s why they continue to do it because bankers are all linked to the “one world government” and are untouchable. Bilderberg group runs this planet and we are all peasants and slaves. Wake up to the fact we are continually fleeced while the fat cats get fatter & fatter gorging on the spoils of the middle class that may become extinct – leaving only rich and poor.

  3. Whacked July 2, 2011 at 10:04 am #

    Mr Gregorio

    A lot more to it than that .. whilst I acknowledge what you have said, I do not disagree with it and will try and keep this simple.

    The US Congress and Senate are responsible… fullstop.

    Politicians are career politicians and rely on the likes of the too big to fail, to supply them the campaign monies to get re-elected. Capitalism in the US is more akin to cronyism and corruption (particularly in light of the fact that the Senate can undertake insider trading with immunity). They did not stop the Fed in the mandate that was adopted. They had the tools it is just that they ‘need’ to be re-elected. Power is a drug and when one takes that drug they are wrapped up in their own self importance and everything else goes out the window.

    If the elected politicians had ANY balls then the situation would be addressed, instead they all operate on a knee jerk agenda, always behind the times. (Excuse Ron Paul on this ticket).

    As regards the Bilderberg Group … they all have their self interests at heart and I doubt they could get a concensus on anything, other than the location of the annual meeting. If you believe that these meeting achieve anything other than a nice chin wag amongst the elite then you will be sadly mistaken.

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