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Sheila Bair Book Excerpt

Bank Bailout 'Plagues' Former Wall Street Regulator

Mark Gongloff | Posted 11.20.2012 | Business
Mark Gongloff

Sheila Bair thinks maybe the bank bailout was a bad idea. The former chair of the Federal Deposit Insurance Corporation, in a new book about the financial crisis, says she worries that forcing the biggest U.S. banks to take $125 billion in government money in October 2008 caused more problems than it solved.