AIG Hired to Regulate AIG????!!!!????

Sometimes, the revolving door spins a little too quickly.

James Cole, Obama’s recent nominee for Deputy Attorney General, has worked as an independent consultant at AIG for the past five years – the company at the center of Department of Justice investigations as
recently as two months ago. His firm was paid $20 million to assist
with AIG’s legal compliances in that investigation.

If confirmed, Cole could potentially be responsible for deciding if and how future cases of fraud would be pressed against AIG.

Just as alarming was the way he handled the now-closed case when he was working for AIG. According to one Republican advisor, “It's like hiring the security firm to guard your bank after it failed to detect the last
major bank heist in town."