Sheila Bair

Sheila Bair as Vice President. Governor Romney, Are You Listening?

Raymond J. Learsy | Posted 05.28.2012

Read More: Fdic, Cnbc, JPMorgan Chase, President Obama, Wall Street, Maria Bartiromo, Bain Capital, Governor Romney, Crony Capitalism, Congress, Business, Financial Crisis, Heila Bair, Dodd-Frank Bill, Sheila Bair, Politics News
Raymond J. Learsy

Romney is identified hand and fist with Wall Street's interests. Yet it is still early in the campaign. It would be a coup were his campaign to look to that singular personage in government who fought tooth and nail for the interests of everyday America.

Read Post

Too Complex To Regulate: JPMorgan's Losses Highlight Need For Simplicity

Peter S. Goodman | Posted 05.28.2012

Read More: Jpmorgan, JPMorgan Chase, Banking Regulation, Volcker Rule, Banking Crisis, Banking Reform, Sheila Bair, Jamie Dimon, Business News
Peter S. Goodman

You can parse the stories about how the bank's risk-management people loaded up on risk, or digest the accounts of how JPMorgan's financial wizards engineered mind-bendingly complex means of limiting their vulnerability to troubles in Europe. But the simplest answer is the most pertinent: It's extraordinarily complicated.

Read Post

Sheila Bair: Big Banks 'Too Big To Manage'

The Huffington Post | Bonnie Kavoussi | Posted 05.14.2012

Read More: Bair Low Interest Rate, Sheila Bair Federal Reserve, Bair Low Interest Rates, JPMorgan Chase, Low Interest Rates Sheila Bair, Bair Sheila, Video, Sheila Bair Low Interest Rate, Low Interest Rate Sheila Bair, Low Interest Rate Bair, Low Interest Rates Bair, Sheila Bair Low Interest Rates, Federal Reserve Sheila Bair, Sheila Bair, Business News

JPMorgan's $2 billion trading loss is proof that the big banks need to be broken up, former financial regulator Sheila Bair said on CNN on Monday. ...

Read Whole Story

Report: Fed Ignored Warnings During Critical Period

Posted 03.02.2012

Read More: Tarp, Video, Big Banks Financial Crisis, Fed, Crisis Shareholders, Federal Reserve, Financial Crisis, Banks, Big Banks Recession, Sheila Bair, Financial Crisis Shareholders, Business News

By Jesse Eisinger, ProPublica In early November 2010, as the Federal Reserve began to weigh whether the nation's biggest financial firms were healt...

Read Whole Story

Sheila Bair: Shareholders Should Demand That Big Banks Break Up

Fortune | Sheila Bair | Posted 01.18.2012

Read More: Business News, Systematically-Important-Financial-Institutions, Too Big Too Fail, Sheila Bair Big Banks, Sheila Bair, Big Banks, Business News

America is downsizing. Whether it's the food we eat, the cars we drive, or the houses we live in, Americans are concluding that smaller is better. Eve...

Read Whole Story

Former Regulator May Be Tapped To Monitor Foreclosure Settlement

The Huffington Post | Jillian Berman | Posted 12.12.2011

Read More: Sheila Bair Mortgage Settlement, Financial Crisis, 2008 Financial Crisis, Video, Mortgage Settlement, Sheila Bair, FDIC Chairman Sheila Bair, Attorney General, Too Big to Fail, Business News

An outspoken critic of big banks and their mortgage practices leading up to the financial crisis may be tasked with making sure they comply with a lon...

Read Whole Story

Occupy Wall Street Protestors 'Get A Life' -- Elect A President!

Raymond J. Learsy | Posted 12.23.2011

Read More: Elizabeth Warren, Treasury Department, Aspen Ideas Festival, President Obama, Mitt Romney, Obama Administration, Joe Nocera, Business, Bain Capital Partners, Goldman Sachs, JPMorgan Chase, Bush Administration, Morgan Stanley, Wall Street, Zucotti Square, Federal Deposit Insurance Corp, Occupy Wall Street, Henry Paulson, Financial Crisis, New York Times, Timothy Geithner, Sheila Bair, Politics News
Raymond J. Learsy

She may not know it yet, but the nation needs Sheila Bair. Her persona, her values, her experience would be an enormously timely gift to all of us.

Read Post

The Oil Market Plays Casino While the Obama Administration Acts as Croupier

Raymond J. Learsy | Posted 11.19.2011

Read More: Energy, Cme, Timothy Geithner Treasury Secretary, Senate Finance Committee, Cnbc, Jim Cramer, Obama Administration, Wall Street Journal, Nymerc, Cftc, Gordon Brown, Politics, Oil, Rex Tillerson, Exxonmobil, Financial Crisis, Nicolas Sarkozy, Joe Nocera, Sheila Bair, Citigroup, Business News
Raymond J. Learsy

The Cramer interview is breathtaking in exposing the administration's total lack of understanding of the distorted formation of the price of oil and gasoline in today's markets and seemingly impervious to its cost to the economy and its destructive impact on jobs.

Read Post

'Americans Elect' and Tom Friedman's Op-ed

Raymond J. Learsy | Posted 09.24.2011

Read More: Elizabeth Warren, President Obama, Americans Elect, Middle Class, Treasury Default, Main Street, Democrats, Politics, Wall Street, Financial Crisis, Class Warfare, Sheila Bair, Bank Bailout, Tom Friedman, Republicans, Herbert Hoover, Business News
Raymond J. Learsy

Yesterday in his op-ed, Thomas L. Friedman wrote "Make Way For the Radical Center," bringing into focus the nascence of an organization meant to deal with "this kind of idiocy by elected officials."

Read Post

America Needs a President Who Will Confront the Financial Industry's Hegemony Over Our Lives

Raymond J. Learsy | Posted 09.13.2011

Read More: Treasury Secretary Geithner, Politics, Goldman Sachs, Federal Deposit Insurance Corp, Deborah Salomon, Financial Crisis, Joe Nocera, Aspen Ideas Festival 2011, Sheila Bair, Dodd-Frank Bill, Business News
Raymond J. Learsy

No one in a position of authority in our government today seems to understand fully the threat to American institutions and ideals represented by the untrammeled clout the financial industry now holds in Washington.

Read Post

FDIC Chair: Mortgage Industry 'Didn't Think Borrowers Were Worth Helping'

ProPublica | Posted 09.12.2011

Read More: Mortgage Crisis, Fdic, Banks, Homeowners, Foreclosure Crisis, Sheila Bair, Mortgage Servicers, Business News
ProPublica

By Lois Beckett, ProPublica Outgoing Federal Deposit Insurance Corporation Chairwoman Sheila C. Bair's revealing exit interview by the New York Times...

Read Post

Dodd-Frank Didn't End 'Too Big To Fail': Standard and Poor's

The Huffington Post | Alexander Eichler | Posted 09.12.2011

Read More: Orderly Liquidation Authority, Dodd-Frank, Wall Street, Bailout, Financial Reform, Orderly Liquidation, Barney Frank, Standard & Poor's, Sheila Bair, Business News

Despite efforts to increase accountability and minimize the need for government assistance in the financial sector, some banks may still be considered...

Read Whole Story

FDIC Sues Former IndyMac Bank CEO

Posted 09.06.2011

Read More: Michael-Perry, Indymac, Mortgage Crisis, 2008 Financial Crisis, Subprime Mortgages, Fdic, Sheila Bair, Lawsuit, Federal Deposit Insurance Corp, Business News

(Mihir Dalal) - The Federal Deposit Insurance Corp sued former IndyMac Bank Chief Executive Michael Perry to recover over $600 million in damages ...

Read Whole Story

Departing Regulator: Government, Banks Suffer From 'Short-Termism'

The Huffington Post | Bonnie Kavoussi | Posted 08.25.2011

Read More: Financial Industry, Fdic, Wall Street, Federal Deposit Insurance Corporation, Banks, Sheila Bair, FDIC Chairman Sheila Bair, Banking Industry, Financial Regulation, Business News

Sheila Bair, outgoing chair of the Federal Deposit Insurance Corp., said on Friday that the American government and financial system are in danger of ...

Read Whole Story

Marcus Baram

Army Probes Big Pharma Payments To Military Doctors

HuffingtonPost.com | Marcus Baram | Posted 08.20.2011

Read More: Watchdog Blog, Thewatchdog, Tbtf, Payments to Doctors, Regulation Watchdog, Sheila Bair, Novoseven, Army Probe Pharma, Business News

The U.S. Army is probing payments by pharmaceutical companies to military physicians in the wake of a recent settlement between Novo Nordisk and the J...

Read Whole Story

JPMorgan Exec Slams Regulations

The Huffington Post | William Alden | Posted 08.16.2011

Read More: JPMorgan Chase, Dodd-Frank, Wall Street, Economic Crisis, Federal Deposit Insurance Corp, Financial Crisis, Jamie Dimon, Sheila Bair, Basel-Accord, Capital Requirements, Business News

Executives at JPMorgan Chase aren't happy about the prospect of the government telling them how much money they must hold over for a rainy day. Th...

Read Whole Story

FDIC Chair 'Very Concerned' EU Banking System Could Destabilize Global Economy

Posted 08.16.2011

Read More: Overexposure, Regulators, Fdic, Sheila Bair, European Banking System, Federal Deposit Insurance Corporation, Financial Reform, House Financial Services Committee, Business News

A top bank regulator said she is "very concerned" the European banking system has the potential to become a future source of financial instability...

Read Whole Story

British Government Will Separate Banks Into High-Risk, Low-Risk Sections

AP | ROBERT BARR | Posted 08.15.2011

Read More: UK Banks, Investment Banks, Fdic, John Vickers, Independent Commission on Banking, Britain Banks, England Banks, Sheila Bair, George Osborne, Financial Regulation, Retail Banks, Business News

LONDON — The British government intends to force banks to separate their retail operations from their more volatile investment banking, and it i...

Read Whole Story

Shahien Nasiripour

Bank Of America Faces New Probe; New York Attorney General Launches Investigation Into Mortgage Securitization

HuffingtonPost.com | Shahien Nasiripour | Posted 08.12.2011

Read More: Mortgage Investigation, Bank of America Eric Schneiderman, State Attorneys General, Eric Schneiderman, Mortgage Securities, Bank of America, Sheila Bair, New York Attorney General, Foreclosure Investigation, Business News

New York Attorney General Eric Schneiderman has targeted Bank of America, the biggest U.S. bank by assets, in a new probe that questions the validity ...

Read Whole Story

Two Areas Dominate Debate Over Financial Reform's Implementation

Posted 08.12.2011

Read More: JPMorgan Chase, House of Representatives, Goldman Sachs, Wall Street, Securities and Echange Commission, Bank of America, Financial Reform Implement, Credit Default Swaps, Sheila Bair, Capital Requirement, Financial Regulation, Bankin Capital, Cftc, HSBC Holdings, Dodd Frank, Business News

WASHINGTON (Kevin Drawbaugh) - Global inconsistencies and industry resistance are clouding the outlook for world financial regulation reform in tw...

Read Whole Story

Obama Announces Pick For FDIC Chairman

AP | By DARLENE SUPERVILLE | Posted 08.10.2011

Read More: Elizabeth Warren, Fdic, George W. Bush, Fannie Mae, Federal Housing Finance Agency, Martin J. Gruenberg, Barack Obama, Tim Johnson, Freddie Mac, Consumer Financial Protection Bureau, Tim Geithner, Martin Gruenberg, Federal Deposit Insurance Corp, Office of the Comptroller of the Currency, Federal Reserve Board of Governors, Banks, John C. Dugan, Timothy Geithner, Sheila Bair, Business News

WASHINGTON -- President Barack Obama said Friday that he will nominate Martin J. Gruenberg to become chairman of the Federal Deposit Insurance Corp. ...

Read Whole Story

The Wake-Up Call: FDIC's Sheila Bair Says Regulators Need 'Political Courage'

Posted 07.26.2011

Read More: Thewatchdog, Obama Regulations, Fannie Freddie FOIA, Bair Regulation, Watchdog Blog, Chaffetz Fannie, Sheila Bair, Regulatory Review, FDIC Regulation, Business News

• Outgoing Federal Deposit Insurance Corporation chair Sheila Bair appears before the House Financial Services committee to discuss the agency's ro...

Read Whole Story

William Alden

Bank Profits Soar And Corporate Bonuses Swell As Broader Economy Stagnates

HuffingtonPost.com | William Alden | Posted 07.25.2011

Read More: Fdic, Corporate Profits, Federal Deposit Insurance Corp, Economic Crisis, Business News, Bank Profits, Sheila Bair, Wall Street Bonuses, S&P 500, Fdic Quarterly Banking Profile, Business News

The divide between corporate fortunes and those of ordinary Americans continues to widen, as banks post strong profits and the nation's largest compan...

Read Whole Story

Financial Reforms Could Be Stalled Big Leadership Vacuum

nytimes.com | BINYAMIN APPELBAUM | Posted 07.13.2011

Read More: Financial Regulators, Fdic, Dodd-Frank, Financial Reform, Cfpb, Financial Crisis, Obama, Sheila Bair, Business News

The Obama administration has not announced nominees for several positions that Congress created last summer, nor has it nominated new heads for three ...

Read Whole Story

Simon Johnson: Why The FDIC Couldn't Have Saved Lehman

Economix | Simon Johnson | Posted 06.28.2011

Read More: Dodd-Frank Financial Regulation Legislation, Federal Deposit Insurance Corporation, Henry M. Paulson Jr., Lehman Brothers, International Monetary Fund, F.D.I.C., Timothy F. Geithner, Bear Stearns, Sheila Bair, Barclays, Business News

Under the Dodd-Frank financial regulation legislation (in Title II of that act), the Federal Deposit Insurance Corporation is granted expanded powers ...

Read Whole Story