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Posts Tagged ‘Sheila bair speaks on June 9 2011’

Sheila Bair’s Final ‘Sense on Cents’

Posted by Larry Doyle on June 9th, 2011 1:37 PM |

Sheila Bair Sheila Bair, Chairman of the Federal Deposit Insurance Corporation (FDIC), pauses as she speaks during a news briefing May 27, 2009 in Washington, DC. Bair announced the bank and thrift industry turned a profit in the first quarter of 2009.  (Photo by Alex Wong/Getty Images) *** Local Caption *** Sheila Bair

In one corner, we have Jamie Dimon who on behalf of his shareholders would seemingly like to maintain as much of the status quo for the powers that remain in the Wall Street oligopoly.

In another corner, we have Barack Obama grasping at straws that might breathe some lifeblood into the economy and support his prospects for reelection.

Who occupies the center of the ring and is neither compromised by the large money interests on Wall Street nor the pursuit of perpetuating a political career in Washington?

Sheila Bair.

The soon-to-retire head of the FDIC–she steps down in early July–provided perhaps her final dose of ‘sense on cents’ this morning. What did she have to say?¬† (more…)






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