Sheila Bair News on Daylife

Yearender: U.S. financial regulatory reform, a test for the future

Wed, 09 Dec 2009 01:57:27 GMT

WASHINGTON, Dec. 8 (Xinhua) -- As the world closely watching, the U.S. financial regulatory overhaul is in the process of legislation.
Source: Xinhua

Productive Debt versus Unproductive Debt

Tue, 08 Dec 2009 19:19:38 GMT

The credit crunch continues, with businesses large and small finding that their bankers remain exceedingly stingy in the wake of the 2008 financial debacle.
Source: The Market Oracle

Debt Securities: How Will New Changes Affect the Asset-Backed Bond Market & Investors?

Tue, 08 Dec 2009 12:20:55 GMT

Last week Sheila Bair, as Chairman of the Federal Deposit Insurance Corporation (FDIC), boldly announced that until banks espouse stricter guidelines for issuing bonds backed by consumer debt, the government assistance currently enabling these...
Source: Associated Content

Dealbook: Bailout Refund Is All About Pay, Pay, Pay

Tue, 08 Dec 2009 02:15:30 GMT

Strike up the band! Bank of America is paying back $45 billion in taxpayer-provided bailout money, and the government now says it expects to get back $200 billion in those funds faster than it imagined.
Source: The New York Times

Feds May Force Banks to Take Big Home-Loan Losses

Mon, 07 Dec 2009 19:16:07 GMT

The Federal Deposit Insurance Corp. may ask lenders that take over assets from seized banks to reduce the principal for up to $45 billion of mortgages, says FDIC Chairwoman Sheila Bair.
Source: NewsMax

Regulators at the door

Sun, 06 Dec 2009 10:50:31 GMT

So a line has been drawn – if not in the sand then somewhere between Wall Street and Main Street, between our Washington and their Washington, between it’s too big to fail and it’s too hard to survive.
Source: TheNewsTribune.com

Chief of FDIC to leave in 2011

Sun, 06 Dec 2009 10:18:39 GMT

Sheila Bair has no intention of giving up the fight. The Federal Deposit Insurance Corp. chief, a Republican, will not seek reappointment once her term ends in 18 months.
Source: Worcester Telegram & Gazette

Sheila Bair May Propose Cutting Principal on Distressed Mortgage Loans

Sun, 06 Dec 2009 01:06:22 GMT

FDIC Chairman Sheila Bair indicated Thursday that she is exploring the idea of reducing the principal on as much as $45 billion in mortgages her agency has acquired from failed banks.
Source: Crooks and Liars

Quoted in 'New FDIC plan to cost W.Va. institutions $166 million'

Thu, 26 Nov 2009 21:26:00 GMT

said in Beckley Register-Herald:

My personal concern is that a year from now we may get assessed again if we have a continuing number of failed banks ... My opinion is that (FDIC Chairwoman) Sheila Bair has done her homework and feels that this is enough to cover troubled banks in the future.

Quoted in 'FDIC says problem banks up 32%'

Tue, 24 Nov 2009 18:21:08 GMT

Sheila Bair said in Dayton Business Journal:

There is no question that credit availability is an important issue for the economic recovery ... We need to see banks making more loans to their business customers. This is especially true for small businesses that rely on FDIC-insured institutions to provide over 60 percent of the credit they use.

FDIC Chair Sheila Bair

Mon, 26 Oct 2009 16:01:59 GMT

Photo from AP Photo

Wed, 23 Sep 2009 14:02:59 GMT

FDIC Chairwoman Sheila Bair, center, reads over documents as John K. Hardage, right, and John G. Walsh, left, both from the Comptroller of the Currency, talk to each other before the start of hearing at the House Financial Services on Capitol Hill in Wa...

Photo from Getty Images

Thu, 23 Jul 2009 18:53:53 GMT

WASHINGTON - JULY 24: Federal Reserve Bank Chairman Ben Bernanke (L) and Federal Deposit Insurance Corporation Chairman Sheila Bair (R) listen to opening statements during a hearing of the House Financial Services Committee on Capitol Hill July 24, 200...