2008_08_tweed.jpgThe Department of Education has hired a former Bear Stearns managing director to be the new CFO. George Raab has accepted the $180K/year job--which involves overseeing $20 billion--but the Sun says the the "appointment will not become official until a background check is completed." The Post points out that the DOE is "currently the only major agency not plugged into the city's electronic budgeting system" and gets a quote from District 1's Community Education Council president Lisa Donlan: "I assume this [hire] is in response to all the crap they've been getting about playing loose and fast with the budget and rewriting the rules for themselves."