If there is one institution that is famous for changing its leadership almost every year, it is the Indonesian Bank Restructuring Agency (IBRA). The high frequency of change in IBRA leadership can be interpreted in many ways. Some people even suspect, due to its system and the quality of its personnel, that IBRA was defective from birth. Under the Habibie government, IBRA was armed with a broad scope of powers, considered by many to endow IBR...