Obama To Keep Bair At FDIC

02/07/2009 05:12 am ET | Updated May 25, 2011
  • Wall Street Journal

The Obama administration intends to keep Federal Deposit Insurance Corp. Chairman Sheila Bair in her post, Democrat officials said Wednesday.

Ms. Bair, a Republican who is one of the most influential figures in the government's response to the financial crisis, was nominated to run the FDIC by President George W. Bush in 2006. She has won praise from congressional Democrats for her aggressive push to help homeowners avoid foreclosure. But she has emerged as a controversial figure during the banking crisis, occasionally clashing with the White House, Treasury Department, and Federal Reserve over the government's response.

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