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The following is an excerpt of remarks made by FDIC Chairwoman Sheila Bair at Kansas State University's Alfred M. Landon Lecture Series last week in Manhattan: We're tackling the aftermath of a financial and economic crisis that has done as much, if... Full Article at Kansas.com
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By Damian Paletta WASHINGTON -- Politicians are putting pressure on regulators to go easy on small community banks across the U.S. , a move some say could increase the cost of cleaning up the financial crisis.Last week, House Financial Services... Full Article at Wall Street Journal
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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... View Photo »
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As the economy heals so will the banking system ... Until the healing process is complete there will be more bank failures. However, the number of failures we are experiencing is significantly lower than those the FDIC has handled in past crises.
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Sheila Bair says banking-industry opponents of reform want to retain reliance on taxpayer-funded bailouts. "That makes me angry," she said. Federal Deposit Insurance Corp. Full Article at Denver Post
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MANHATTAN, Kan. Full Article at KansasCity.com
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WASHINGTON House Democrats are balking at an Obama administration plan that would put taxpayers on the hook for up to five years to dismantle any giant financial firm whose failure could repeat last year's Wall Street collapse.</p><p>The... Full Article at KansasCity.com
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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... View Photo »
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It's Madeline Albright and Kate Gosselin, there's Valerie Jarrett and Meghan McCain, Sheila Bair -- head of the FDIC, the most powerful woman in the nation when it comes money. There's Alicia Keys and Jane Goodall.
SOURCE: AZ Central.com -
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The head of the Federal Deposit Insurance Corp. on Monday said Congress needs to provide regulators greater tools to control the risky financial behavior that helped trigger the recession and to unwind major firms on the verge of collapse. Full Article at The Seattle Times
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FDIC Chairman Sheila Bair said she supports such a winding-down process for financial institutions other than banks. Full Article at The Washington Post
About Sheila Bair
Wikipedia
Sheila Colleen Bair (born April 3, 1954) is the Chairman of the U.S. Federal Deposit Insurance Corporation (FDIC). She was appointed to the post for a five-year term on June 26, 2006 by George W. Bush. Bair will also serve as a member of the FDIC Board of Directors through July 2013. Full Article
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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 Washington, Wednesday, Sept. 23, 2009.
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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, 2009 in Washington, DC.
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WASHINGTON - JULY 24: Federal Deposit Insurance Corporation Chairman Sheila Bair (C) listens to Federal Reserve Bank Chairman Ben Bernanke (L) testify during a hearing of the House Financial Services Committee with U.S. Comptroller of the Currency John Dugan (R) on Capitol Hill July 24...
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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, 2009 in Washington, DC.
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WASHINGTON - JULY 24: Federal Reserve Bank Chairman Ben Bernanke (L) testifies with Federal Deposit Insurance Corporation Chairman Sheila Bair (C) and U.S. Comptroller of the Currency John Dugan during a hearing of the House Financial Services Committee on Capitol Hill July 24, 2009 in...
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Federal Deposit Insurance Corporation Chairwoman Sheila Bair (L) and Securities Exchange Commission Chairwoman Mary Schapiro (R) prepare to testify before the Senate Banking Committee on Capitol Hill in Washington, July 23, 2009.
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Reuters Pictures
Federal Deposit Insurance Corporation Chairwoman Sheila Bair (R) shakes hands with Senate Banking Committee Chairman Sen. Chris Dodd (2nd L) as Securities Exchange Commission Chairwoman Mary Schapiro (L) walks in before they testify before the Senate Banking Committee on Capitol Hill in...
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Reuters Pictures
Federal Deposit Insurance Corporation Chairwoman Sheila Bair (L) and Securities Exchange Commission Chairwoman Mary Schapiro (R) prepare to testify before the Senate Banking Committee on Capitol Hill in Washington, July 23, 2009.
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AP Photo
FILE - FOR STORY SLUGGED EEUU-CONGLOMERADOS - In this May 6, 2009 file photo, FDIC Chair Sheila Bair, left, and Gary Stern, president, Federal Reserve Bank of Minneapolis, listen on Capitol Hill in Washington during a Senate Banking Committee hearing on resolving issues with institution...
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WASHINGTON - JUNE 25: U.S. Secretary of the Treasury Timothy Geithner (C) pauses as Federal Deposit Insurance Corporation Chairman Sheila Bair (R) and Securities and Exchange Commission Chairman Mary Shapiro (L) look on as he convenes the President's Working Group on Financial Markets...
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WASHINGTON - JUNE 25: U.S. Secretary of the Treasury Timothy Geithner (L) speaks as Federal Deposit Insurance Corporation Chairman Sheila Bair (R) looks on as he convenes the President's Working Group on Financial Markets (PWG) at the Department of the Treasury June 25, 2009 in Washing...
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CHICAGO - MAY 07: Sheila Bair (R), Chairman of the Federal Deposit Insurance Corporation, greets guests following an address to the Federal Reserve Bank of Chicago's 45th Annual Conference on Bank Structure and Competition May 7, 2009 in Chicago, Illinois.
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AP Photo
FDIC Chair Sheila Bair, left, and Gary Stern, president, Federal Reserve Bank of Minneapolis. testify on Capitol Hill in Washington, Wednesday, May 6, 2009, before a Senate Banking Committee hearing on resolving issues with institutions deemed "too big to fail".
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AP Photo
FDIC Chair Sheila Bair, left, accompanied by Gary Stern, president, Federal Reserve Bank of Minneapolis, testifies on Capitol Hill in Washington, Wednesday, May 6, 2009, before the Senate Banking Committee hearing on resolving issues with institutions deemed "too big to fail".
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Federal Deposit Insurance Corporation (FDIC) Chairwoman Sheila Bair (L) listens as US President Barack Obama (R) comments on the economy after a meeting in the Roosevelt Room of the White House in Washington, DC, April 10, 2009.
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Federal Deposit Insurance Corporation (FDIC) Chairwoman Sheila Bair (L) listens as US President Barack Obama (R) comments on the economy after a meeting in the Roosevelt Room of the White House in Washington, DC, April 10, 2009.
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WASHINGTON - APRIL 10: U.S. President Barack Obama (C) holds a meeting with Federal Reserve Chairman Ben Bernanke (R), Federal Deposit Insurance Corporation Chair Sheila Bair (L) and Treasury Secretary Timothy Geithner (back to camera) in the Roosevelt Room at the White House April 10,...
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WASHINGTON - APRIL 10: U.S. President Barack Obama (C) holds a meeting with Federal Reserve Chairman Ben Bernanke (R), Federal Deposit Insurance Corporation Chair Sheila Bair (L) and Treasury Secretary Timothy Geithner (back to camera) in the Roosevelt Room at the White House April 10,...
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WASHINGTON - APRIL 10: U.S. President Barack Obama (R) makes comments to the news media after a meeting with Federal Deposit Insurance Corporation Chair Sheila Bair (C) and and National Economic Council Chair Lawrence Summers (L) in the Roosevelt Room at the White House April 10, 2009...
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AP Photo
FDIC Chair Sheila Bair, left, talks with Daniel Tarullo, a member of the board of governors of the Federal Reserve System, on Capitol Hill in Washington, Thursday, March 19,2009, during a break in the Senate Banking Committee hearing on bank supervision and regulation.
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Reuters Pictures
White House National Economic Council Director Lawrence Summers (C) sits down to a meeting of the president's working group, including Federal Housing Finance Agency Director James Lockhart (L) and Federal Deposit Insurance Corporation Chairman Sheila Bair (R), at the Treasury Departmen...
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Reuters Pictures
U.S. Treasury Secretary Timothy Geithner (R) sits down to a meeting with the president's working group on the economy, including FDIC Chairman Sheila Bair (L) and Federal Reserve Chairman Ben Bernanke (2nd L), at the Treasury Department in Washington February 5, 2009.
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WASHINGTON - NOVEMBER 18: Federal Deposit Insurance Corporation Chairman Sheila Bair (C) and U.S. Treasury Secretary Henry Paulson did not speak or shake hands after testifying before the House Financial Services Committee on Capitol Hill November 18, 2008 in Washington, DC.
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US Federal Reserve Board Chairman Ben Bernanke, Treasury Secretary Henry Paulson(L) and FDIC Chairman Sheila Bair(R) testify before the House Financial Services Committee on November 18, 2008 on Capitol Hill in Washington, DC.
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WASHINGTON - NOVEMBER 18: Federal Deposit Insurance Corporation Chairman Sheila Bair (R) testifies with U.S. Treasury Secretary Henry Paulson (L) and Federal Reserve Bank Chairman Ben Bernanke before the House Financial Services Committee on Capitol Hill November 18, 2008 in Washingto...
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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, 2009 in Washington, DC.
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As the economy heals so will the banking system ... Until the healing process is complete there will be more bank failures. However, the number of failures we are experiencing is significantly lower than those the FDIC has handled in past crises.
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It's Madeline Albright and Kate Gosselin, there's Valerie Jarrett and Meghan McCain, Sheila Bair -- head of the FDIC, the most powerful woman in the nation when it comes money. There's Alicia Keys and Jane Goodall.
SOURCE: AZ Central.com -
The most prominent area of risk for rising credit losses at FDIC-insured institutions during the next several quarters is in CRE lending
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We can do this short of bankruptcy if we want to be reasonable people, but nobody in Washington's got the balls to have this conversation, except for [FDIC head] Sheila Bair
SOURCE: Huffington Post -
The FDIC wants banks to make prudent small-business loans, as they are an engine of growth in our economy and can help to create jobs at this critical juncture
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Generally federal agencies are wary of using funding mechanisms that might give the appearance that they have been 'captured' by the very institutions they are charged with regulating. But apparently FDIC chair Sheila Bair would rather pursue this cockeyed strategy than ask sparring partner -- Treasury ...
SOURCE: The Progressive -
Sheila Bair would take bamboo shoots under her nails before going to Tim Geithner and the Treasury for help
SOURCE: The New York Times
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