This is what's going on while the President wastes our time behaving in ways that cause candid commentators to waste our time parsing their vulgarities:
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.
[...] 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.
And Barack Obama is angry about corporate jets.