Sheila Bair

FDIC Chairperson Sheila Bair has released her own proposal to compete with a recently floated proposal for a tax on bank compensation.  Her proposal calls for linking compensation with FDIC insurance levies as a means of aligning…

The Jamie Dimon piece in today’s Washington Post is a must-read. Dimon, head of behemoth JPMorgan Chase makes the best case for not breaking up large too-big-to-fail financial institutions. His idea: set up a robust resolution process and…

Last week I was at the Clinton Global Initiative Annual Meeting to listen to their ideas on how to solve some of the world’s most pressing problems like poverty and education. I may have more to say about this topic in a later post, but I…

Sheila Bair has run out of options to seize banks because the FDIC’s coffers are running dry.  Now she either needs to tap taxpayer money via a loan from the Treasury or she has to raise funds through a special assessment on banks, who…

Bair spoke to CNBC’s Maria Bartiromo about the Fed as a single regulator, her agency’s available capital, premiums for deposit insurance, FDIC seizures, private equity buyers and much more. The video is below and runs just under 11 minutes.…

There is an effort underway to install the Federal Reserve as super-regulator for all banks and financial institutions, concentrating power in one institution. I find these efforts one of the most disturbing outgrowths of the financial…

With the Federal Deposit Insurance Corporation (FDIC) about to release its latest figures for banks it regulates and its own financial condition, now is a good time to review its role in this crisis. This post is about the FDIC's role in…

The first bank failure is in Georgia, a state where many FDIC seizures have taken place. On Friday, July 17, 2009, First Piedmont Bank, Winder, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit…

Yesterday, I mentioned an e-mail from the FDIC clarifying statements on replacing bank executives by Chairperson Sheila Bair on Bloomberg's "Political Capital with Al Hunt". Below is the video which will allow you to see exactly what…

CNBC's Trish Regan talks about banks and the economy with FDIC Chair Sheila Bair.