Spain appoints former Lehmen exec as economy minister

It’s not that unusual for the US to appoint former Wall Street big shots (or those in Wall Street’s pocket, like Geithner) to run the Treasury department, but one might think Lehman would be a bit too toxic considering the nature of the current economic crisis. BBC News:

Spain’s new conservative Prime Minister Mariano Rajoy has named his new cabinet after being sworn into office. Luis de Guindos, a former Lehman Brothers executive, will be economic minister, while Cristobal Montoro was appointed treasury minister. The new ministers will be required to help steer the country through its toughest economic crisis in decades.


An American in Paris, France. BA in History & Political Science from Ohio State. Provided consulting services to US software startups, launching new business overseas that have both IPO’d and sold to well-known global software companies. Currently launching a new cloud-based startup. Full bio here.

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