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Governor Jan Brewer names CEO of a failed bank as the next AZ financial institutions chief

Gov. Jan Brewer yesterday named former Valley Capital Bank CEO Lauren Kingry as the next Superintendent of the Arizona Department of Financial Institutions.

Mr. Kingry was the CEO of the failed bank that went into receivership with federal officials in December. Now, he will be Arizona's next top banking regulator. How does making decisions that led to a bank failure qualify a person to be the top banking regulator?

Just a thought, wouldn't it be better to have someone with a successful track record to represent the state during these perilous times?