With the quick corporate profit vultures and Wall Street wizards flailing about at GM for immediate returns; Bob Lutz, the last real car guy left in key management, walks away.

Ed Montgomery was named on Monday to serve as the Director of Recovery for Auto Communities. He seems like a better pick for auto issues than all the other people Obama has named. It remains to be seen, of course, whether having a Director of Recovery will minimize the pain the Mid-West is going through and will be going through going forward.

To manage the auto bailout, Obama picked someone who doesn’t know shit about the industry. To manage the Wall Street bailout, Obama picked a crowd that was deeply involved in all the crappy decisions that got us into this mess. I may not love the choice of Rattner to lead the auto task force. But he may help us to avoid the rigid ideology of the Wall Street bailout team.

Obama’s thinking of appointing someone with no apparent qualifications–though lots of finance success–to be the auto czar.