When the history of the American financial system’s near-death experience in 2008 is written, FDIC chairwoman Sheila Bair, who officially announced her July 8 departure yesterday, will feature prominently.
sheila bair
The Women Who Tell Wall Street What To Do
I wrote this week’s cover story, The New Sheriffs of Wall Street, about SEC Chair Mary Schapiro, FDIC Chair Sheila Bair and COP Chair Elizabeth Warren. An excerpt:
Resolution Authority and Bailouts, Continued
American Banker has a Q&A with FDIC Chair Sheila Bair today in which she largely echoes the sentiments of Senator Corker.
Do you see any way left for the government to bail out a financial institution?
BAIR: No, and that’s the whole idea. It was too easy for institutions to come and ask for help. They aren’t going to do that. This
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