Sheila Bair

Yesterday, I wrote up a piece at the New York Times’ Room for Debate forum about the legacy that Tim Geithner left behind, given his recent memoir “Stress Test”. The question was : “Did the government miss a historic opportunity to reshape…

Michael Hudson argues forcefully that the juxtaposition of bailouts for the largest American banks and cuts for ordinary Americans makes clear that government is promoting a redistribution of income to upper income brackets. He sees the…

Yesterday, Sheila Bair wrote an unusual Op-Ed in the Washington Post in that it was penned just after departing a high-ranking government position and it was also highly critical of the government’s policy responses. The obvious conclusion…

Bair is too diplomatic to name names. But she is as blunt and direct as you can be without doing so. While no names were named it is abundantly clear from the Nocera piece at whom she points a disapproving finger: Paulson, Summers,…

Sheila Bair is a regulator no more. She will be missed.

"60 Minutes" aired a segment last night on the foreclosure fraud that we in the blogosphere have been discussing for sometime. See "Videos: Depositions of Alleged Robo-Signers From Nationwide Title Clearing" from…

by Annaly Capital Management The title of this piece is strange but true. The FDIC released its Quarterly Banking Profile for the 3rd quarter of 2010 this morning, trumpeting $14.5 billion in profits (up from only $2 billion in the year…

FDIC Chair Sheila Bair spoke with Bloomberg News yesterday and the topic was interest rates and banks ability to withstand a higher interest rate environment. While Bair was careful to stress that this is not a "short-term…

A few comments today: I like Sheila Bair.  She acts like a regulator should. When she warns of government exposure in mortgages, you should read the subtext as "if we in government are going to be the entire mortgage market, we…

Sheila Bair is a straight shooter. And as such, she laid it on the line today in her prepared remarks before Congress.  Her remarks were on the money on several counts. I will highlight just a few with commentary followed by the…