Sheila Bair

FDIC's Bair Pressures Citi: Get Your House In Order

New York Times | ERIC DASH | Posted 05.25.2011

Read More: Vikram Pandit, Fdic, Citigroup, Sheila C. Bair, FDIC Pressures Citi, Citi Bailout, Citi Pandit, Sheila Bair, Business News

Tough words from Washington arrived by phone on Tuesday at Citigroup headquarters in New York. On the line was Sheila C. Bair, the head of the Fede...

Read Whole Story

A Republican to Save Us

Robert Scheer | Posted 05.25.2011

Read More: Tarp, Corruption, Law, Geithner, Fdic, Bush, Money, Clinton, Economy, Scheer, Obama, Government, Politics, Bailout, Citibank, Rubin, Sheila Bair, Business News

You probably don't know much about Sheila Bair, but she is looking out for you, and that is why the big guys on Wall Street and their allies in the Obama administration are out to get her.

Read Post

Banks Earned $7.6 Billion In First Quarter Profits

AP | MARCY GORDON | Posted 05.25.2011

Read More: Investment Banks, Fdic, Morgan Stanley, Wells Fargo, Federal Deposit Insurance Corp, Bank of America, Banks, Banking Crisis, Sheila Bair, FDIC Chairman Sheila Bair, Gmac, Citigroup, Business News

WASHINGTON — The nation's banks turned a profit in the first quarter, but the number of problem banks jumped to the highest level in 15 years an...

Read Whole Story

Sheila Bair, Brooksley Born: JFK Award Recipients For Predicting Crisis

AP | Posted 05.25.2011

Read More: Financial Crisis, JFK Award, Sheila Bair, Brooksley Born, Business News

BOSTON — Two U.S. federal regulators who sounded early warnings on the financial crisis and a Liberian peace activist who helped end that nation...

Read Whole Story

Profiles in Financial Courage

Robert Kuttner | Posted 05.25.2011

Read More: Wall Street Crisis, Brooksley Born, Tim Geithner, Economic Crisis, Profiles in Courage, Financial Crisis, Larry Summers, Sheila Bair, FDIC Chairman Sheila Bair, Business News

The JFK Presidential Library gives a Profile in Courage Award to public officials who took a stand that took a lot of integrity and nerve.

Read Post

Bair: Some Bank CEOs Will Be Fired

Huffington Post | Ryan McCarthy | Posted 05.25.2011

Read More: Fdic, Banking Crisis, Sheila Bair, Bank CEOs, Stress Test Results, Business News

Who will be the next CEO to get the ax? In an interview with Bloomberg television to be aired this weekend, FDIC chairman Sheila Bair says that some b...

Read Whole Story

FDIC Adopts Risk Of Toxic Asset Program, Puts Taxpayer In The Hotseat: NYT

nytimes.com | ANDREW ROSS SORKIN | Posted 05.25.2011

Read More: Fdic, Sheila Bair FDIC, FDIC Toxic Assets, FDIC Sheila Bair, Toxic Assets FDIC, Toxic Assets, Sheila Bair, FDIC Toxic Asset Program, Business News

The Federal Deposit Insurance Corporation was set up 76 years ago with the important but simple job of insuring bank deposits. Now, because of what...

Read Whole Story

FDIC Bair: Banks Lost $32.1 Billion In Fourth Quarter

AP | MARCY GORDON | Posted 05.25.2011

Read More: Fourth Quarter Banks, Fdic, FDIC Banks, Fdic Banks Fourth Quarter, FDIC Chairman Sheila Bair, Sheila Bair, Business News

WASHINGTON — Federal regulators now say the nation's banks lost $32.1 billion in the final quarter of last year, even worse than the $26.2 billi...

Read Whole Story

FDIC: As Rock Solid As Social Security

Michael Pento | Posted 05.25.2011

Read More: Fdic, Social Security, Sheila Bair, FDIC Chairman Sheila Bair, Business News

We all should be painfully aware by now that there is nothing held inside the Social Security and Medicare trust funds but a bunch of IOUs. But the FDIC's Deposit Insurance Fund as well?

Read Post

Time to Stop the Nationalization Rhetoric, and Let the System Work

David Paul | Posted 05.25.2011

Read More: Tarp, Fdic, Nationalization, Henry Paulson, Ben Bernanke, Banks Bailout, Sheila Bair, Citigroup, Oregon, Nationalizing Banks, Economy, Economic Crisis, Obama Nationalization, Wall Street Crisis, Bank Nationalization, Financial Crisis, Banks, Business News

For years, America has told other countries how to deal with financial crises -- cut your losses. Clean up your balance sheets. Get on with it. This week, the stock market said the same thing.

Read Post

Obama's Visit to Arizona Brings Hope to Foreclosure Alley

Dawn Teo | Posted 05.25.2011

Read More: American Recovery and Reinvestment Act, Foreclosure Crisis, President Barack Obama, Foreclosure, Timothy Geithner, Economic Recovery, Sheila Bair, Barack Obama, Shaun Donovan, Politics News

In Mesa, where home values have dropped by nearly 45 percent, it is not hard to find people whose mortgage is in trouble.

Read Post

Obama To Keep Bair At FDIC

Wall Street Journal | Posted 05.25.2011

Read More: FDIC Chairman Sheila Bair, Sheila Bair, Obama Appointments, Politics News

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

Read Whole Story

Four "Financial Horsewomen" Who Saw The Crisis Coming

wowOwow | Posted 05.25.2011

Read More: Walls Treet Crisis, Subprime Mortgages, Economic Crisis, Economy, Brooksley E. Born, Financial Horsewomen, Sheila Bair, Recession, Ponzi Scheme, Business News

Readers, stop sharpening your pitchforks for a moment because here, just in time for your year-end 401K reports to arrive, is a little story about fou...

Read Whole Story

Hope for Homeowners? Not So Much

William Fisher | Posted 05.25.2011

Read More: Henry Paulson, 2008 Recession, Subprime Mortgages, FDIC Chairman Sheila Bair, Economy, Mortgage Crisis, Financial Crisis, Chris Dodd, Sheila Bair, Politics News

According to the Mortgage Bankers Association, some 1.2 million homes were in foreclosure during the second quarter of 2008, and that number is expected to increase.

Read Post

Advice To Team Obama: Keep FDIC's Bair

Robert Reed | Posted 05.25.2011

Read More: Fdic, Citigroup Wachovia, Obama's Cabinet, Geithner Bair, Wells Fargo Wachovia, Indymac, Henry Paulson, Timothy Geithner, Sheila Bair, FDIC Chairman Sheila Bair, Barack Obama, Chicago News

Some infighting is considered good sport, even in the Obama era. But pushing out Federal Deposit Insurance Corp. Chairman Sheila Bair is not a wise, nor politically astute, decision.

Read Post

Is FDIC's Sheila Bair Getting Sexist Treatment?

wowOwow | Posted 05.25.2011

Read More: Fdic, Treasury Department, Timothy Geithner, Sheila Bair, Sexism, Business News

Even in the new Barack Obama "Yes We Can" era, the boys on Wall Street are apparently still up to their testosterone-fueled tricks. Rubin protege a...

Read Whole Story

Can New Treasury Secretary Geithner And FDIC Chair Bair Play Nice?

Bloomberg | Posted 05.25.2011

Read More: Timothy Geithner, Obama's Cabinet, Sheila Bair, Business News

Timothy Geithner, President-elect Barack Obama's choice for U.S. Treasury Secretary, is seeking to push Federal Deposit Insurance Corp. Chairman Sheil...

Read Whole Story

The New Bernanke-Bair-Paulson Insurance Company

Economix | Uwe E. Reinhardt | Posted 05.25.2011

Read More: Fdic, Treasury Department, Insurance, Finance, Economy, Financial Crisis, Henry Paulson, Banks, Personal Finance, Ben Bernanke, Sheila Bair, Business News

After first trying in vain to become toxic-asset managers and, next, non-voting equity investors in shaky banks, the peripatetic trio composed of the ...

Read Whole Story

Obama Right to Reassure Wall Street Markets With Rubinauts But Also Needs Econ Advisors Who Stand for Main Street

Miles Mogulescu | Posted 05.25.2011

Read More: Timothy Geithner Treasury Secretary, Jared Bernstein, Financial Bailout, George Soros, Economic Crisis, Robert Rubin Citibank, Paul Krugman Barack Obama, Obama's Economic Team, Jame Galbraith, Kuttner Obama, Krugman Obama, Financial Advice, u.s. Economy Problems, Larry Summers and Barack Obama, Economic Stimulus Package, Joseph Stiglitz, Financial Meltdown, John Kenneth Galbraith, Kuttner Obama's Challenge, Paul Krugman on Barack Obama, Financial Crisis, Global Financial Crisis, Obama Cabinet Picks, Sheila Bair, Cabinet Appointments, Soros on Crisis, FInancial Markets, Economy, Socialists, Politics News

We can only hope that Obama balances the smart Rubinauts whom he has picked to lead his economic team with some equally smart pro-Main Street economic minds.

Read Post

Mounting A Surge in the War Against Foreclosure Predators

Mark Winston Griffith | Posted 05.25.2011

Read More: Foreclosures, Bailout Plan, Subprime Mortgages, Sheila Bair, Economy, Subprime Mortgage Crisis, Home Foreclosures, Business News

While there is room for improvement among nonprofits doing foreclosure prevention, this observation made by the Times is like blaming the troops in Iraq for not policing enough territory.

Read Post

Foreclosure Moratorium: Its time has come?

Mark Winston Griffith | Posted 05.25.2011

Read More: Great Depression of the 1930s, Foreclosures, Economy, Foreclosure, Indymac Bank, Sheila Bair, Home Foreclosures, Home Foreclosure, Business News

This entry is cross-posted on the DMI blog There used to be time when the idea of a national moratorium on foreclosures was largely seen as an imprac...

Read Post

Change We Can Bank On

Robert Scheer | Posted 05.25.2011

Read More: Robert Scheer, Phil Gramm, Henry Paulson, Mortgage, Fdic, Barack Obama, Economy, Lawrence Summers, Foreclosure, Timothy Geithner, Pornography of Power, Robert Rubin, Sheila Bair, Barney Frank, Treasury Secretary, Obama Cabinet, Obama's Cabinet, Alan Greenspan, Politics News

This is not change we can believe in -- not if Robert Rubin or his protégé, Lawrence Summers, get to call the shots on the economy in Obama's incoming administration.

Read Post

Who Wasn't On Stage With Obama and Should Have Been?

Steve Clemons | Posted 05.25.2011

Read More: Robert Kuttner, Penny Pritzker, Adam Posen, Alan Murray, James Galbraith, George Soros, Doug & Heidi Rediker, Leo Hindery, Eric Schmidt, Richard Parsons, Tom Gallagher, Paul Volcker, Lawrence Summers, Economic Team, Warren Buffet, Kevin Phillips, William Daley, William Donaldson, Jennifer Granholm, Joseph Stiglitz, Robert Samuelson, Paul Krugman, Roel Campos, William Bonvillian, Jeffrey Sachs, C. Fred Bergsten, Robert Reich, Antonio Villaraigosa, Joseph Biden, Charlene Barshefsky, Bill Gates, Barack Obama, Robert Rubin, Austan Goolsbee, David Bonior, Economic Policy, Rahm Emanuel, Bernard Schwartz, Jason Furhman, Sheila Bair, Anne Mulcahy, Roger Ferguson, Clyde Prestowitz, Sherle Schwenninger, Obama's Cabinet, Politics News

I'm not satisfied with the roster of economic personalities and thinkers we see Barack Obama mixing with.

Read Post

Housing Relief Plan Delayed By Disagreements

Wall Street Journal | Posted 05.25.2011

Read More: Sheila Bair, FDIC Chairman Sheila Bair, FDIC Disagreement, Federal Foreclosure-Prevention Program, Housing Crisis, Business News

WASHINGTON -- Disagreements over how to structure a federal foreclosure-prevention program are complicating and potentially delaying what is likely to...

Read Whole Story

FDIC Chief Criticizes Government Response to Crisis

ProPublica | Posted 05.25.2011

Read More: Fdic, Wall Street Bailout, Sheila Bair, Ned Gramlich, Economy, Wall Street Crisis, Bailout, Alan Greenspan, Business News

A public criticism coming from one of the key government officials overseeing the bailout seems rare enough. But Sheila Bair has been similarly outspoken before.

Read Post