The Good News Is They Hired Someone, The Bad News. . .

Lewis Alexander, Citigroup’s chief economist, is . . . being fired? Retiring in disgrace? No! He’s going to the Treasury Department. That’s right. The Wall Street Journal reminds us:

Mr. Alexander’s role as Citigroup’s chief economist didn’t entail significant management responsibilities. But his optimistic economic forecasts colored executives’ views that the U.S. was unlikely to face a prolonged slump.

Is it possible no one really competent wants to work for Tim Geithner? Looks that way.