In what can only be described as a major surprise to Wall Street the President has appointed his Uncle Rasmus to head the Federal Bank.
When questioned by Reporters regarding his Uncle's ability to deal with Financial Institutions and the major banks on a global scale the President replied " In these testing times we must do away with the profligate behavior which has become endemic in those entrusted with our economic well being. Uncle Rasmus is nearly 90years old and yet has spent less than $10 in his lifetime. A lesson to us all !"
Rasmus ( pictured today outside his city home ) is used to a very frugal lifestyle ( he was previously employed by Washington State as a toilet attendant ) and will be the first black man to head the Bank.
Despite his increase in salary, reported to be in the region of $345,000, Uncle Rasmus was adamant that 'slick city suits' were not for him, however in what might be considered a concession to his new found peers, he might have his vest laundered.