Holy you-know-what.  Everyone knows what happened to New Century and the problems they've caused for homeowners, employees and the entire real estate and mortgage lending market.  They're not the single cause of the mortgage meltdown, but they certainly had their fair share of contributions.

So now, the chief counsel in charge of regulatory and legislative affairs at the notorious New Century has been appointed as commissioner of the Nevada Mortgage Lending Division.  This is what one Las Vegas Assemblyperson had to say about this glorious appointment. 

Assembly Speaker Barbara Buckley, D-Las Vegas, said she was "in total disbelief" at the appointment.

"This company is a poster child for what not to do in mortgage lending. And now the appointee is supposed to watch out for consumers? Unbelievable," Buckley said.

It is a bit shocking, isn't it?  But in this attorney's defense, it appears as though he was not in charge of day-to-day operations at New Century.

If this piques your interest, you should read the article.  http://money.cnn.com/2007/09/06/news/newsmakers/bc.apfn.nv.mortgageappo2.ap/index.htm?postversion=2007090612