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Sheila Bair

Profiles in Financial Courage

Robert Kuttner | Posted 05.25.2011 | Business
Robert Kuttner

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.

Bair: Some Bank CEOs Will Be Fired

Huffington Post | Ryan McCarthy | Posted 05.25.2011 | Business

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...

FDIC Adopts Risk Of Toxic Asset Program, Puts Taxpayer In The Hotseat: NYT | ANDREW ROSS SORKIN | Posted 05.25.2011 | Business

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...

FDIC Bair: Banks Lost $32.1 Billion In Fourth Quarter

AP | MARCY GORDON | Posted 05.25.2011 | Business

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...

FDIC: As Rock Solid As Social Security

Michael Pento | Posted 05.25.2011 | Business
Michael Pento

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?

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

David Paul | Posted 05.25.2011 | Business
David Paul

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.

Obama's Visit to Arizona Brings Hope to Foreclosure Alley

Dawn Teo | Posted 05.25.2011 | Politics
Dawn Teo

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

Obama To Keep Bair At FDIC

Wall Street Journal | Posted 05.25.2011 | Politics

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

Four "Financial Horsewomen" Who Saw The Crisis Coming

wowOwow | Posted 05.25.2011 | Business

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...

Hope for Homeowners? Not So Much

William Fisher | Posted 05.25.2011 | Politics
William Fisher

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.

Is FDIC's Sheila Bair Getting Sexist Treatment?

wowOwow | Posted 05.25.2011 | Business

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...

Advice To Team Obama: Keep FDIC's Bair

Robert Reed | Posted 05.25.2011 | Chicago
Robert Reed

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.

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

Bloomberg | Posted 05.25.2011 | Business

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

The New Bernanke-Bair-Paulson Insurance Company

Economix | Uwe E. Reinhardt | Posted 05.25.2011 | Business

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 ...

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 | Politics
Miles Mogulescu

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.

Mounting A Surge in the War Against Foreclosure Predators

Mark Winston Griffith | Posted 05.25.2011 | Business
Mark Winston Griffith

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.

Foreclosure Moratorium: Its time has come?

Mark Winston Griffith | Posted 05.25.2011 | Business
Mark Winston Griffith

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...

Change We Can Bank On

Robert Scheer | Posted 05.25.2011 | Politics
Robert Scheer

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.

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

Steve Clemons | Posted 05.25.2011 | Politics
Steve Clemons

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

Housing Relief Plan Delayed By Disagreements

Wall Street Journal | Posted 05.25.2011 | Business

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

FDIC Chief Criticizes Government Response to Crisis

ProPublica | Posted 05.25.2011 | Business

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.

FDIC chair: Deposits in nation's banks are safe

AP | Posted 05.25.2011 | Business

WASHINGTON — The nation's banking system is "absolutely safe" and Americans' insured deposits in banks protected, the head of the Federal Deposi...