Patricia Sellers On The New Era Of Responsibility

I'm just back from five days in Washington, D.C. (yes, I commuted against the crowds this morning) and I'm feeling "the new era of responsibility" that President Barack Obama spoke about in his inaugural address today. This responsibility is power. It's also quite a burden. Are you feeling it too?

On Friday, I had a keen sense of it when I was meeting with Sheila Bair, the chairman of the FDIC. Here's a woman who expected a fairly benign job in 2006 when she arrived in Washington from a teaching gig at the University of Massachusetts in Amherst. But of course, that was before the global economy fell apart. On Friday, when we met, she mentioned that she'd been in her office until 11pm the night before, approving another whopping bank bailout package - for Bank of America (BAC), on top of Citigroup's (C) weeks before.

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Comments

[kassandrasduplex]

This woman's idea of service, of responsibility, seems to be a social calendar. Here's real responsibility...work hard to pass what is morally RIGHT, and you can start with universal single payer national healthcare. Working to breakup the media conglomerates would be nice, then maybe we could have a genuine return to republican democratic values. Working to achieve PROGRESSIVE goals would be good. Without these things, your sense of responsiblity amounts to the sacrifice of passing up a latte on Good Friday at Starbucks.