The New York Times voices concern over Obama's naming of former Citigroup execs to his administration:
Senior executives at Citigroup’s Alternative Investment division ran up hundreds of millions of dollars in losses last year on their esoteric collection of investments, including real estate funds and private highway construction projects, even as they collected seven-figure salaries and bonuses.

Now the Obama administration has turned to that Citigroup division — twice — for high-level advisers.
“You sort of have to wonder why it is so smart to put them in charge now, if they helped create the mess that we are in,” said Melanie Sloan, executive director of Citizens for Responsibility and Ethics in Washington. “They wouldn’t strike me as the natural choice.”
As of last fall Citigroup Alternative Investments managed $49 billion worth of capital from individuals and institutions, investing in nontraditional ventures like a program that builds highways, runs airports and oversees other major public projects for governments.

In the first quarter of last year, the Alternative Investment division lost $509 million and for the whole year, it was part of a larger Citigroup division that lost $20 billion, according to Citigroup.
At least one of them received the horrible bonuses we've heard so much about:
Citigroup paid Mr. Lew, 53, at least $1.1 million in salary and bonus last year, according to a financial disclosure form filed last month. The form noted that he might get an additional undisclosed bonus for his work in 2008 before he started his federal job.
Anyone think it's a little bit disingenuous for Obama to setup executives of these companies as economic boogeymen, whose greed caused our crisis when he's hiring them on to his administration? Froman is going to be an economic adviser to the president and Lew will oversee financial matters at the State Dept.