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HomeSheila Bair: “They Should Have Let Bear Stearns Fail”
Posted by Larry Doyle on July 9th, 2011 9:34 AM |
How would the last three years have played out if Bear Stearns had been allowed to fail? While we can speculate at length about that topic, we will obviously never know.
Who believes the Bear was nothing more than a second tier investment bank and should have been allowed to fail? The recently departed head of the FDIC, Sheila Bair.
I just finished reading her exclusive exit interview with The New York Times’ Joe Nocera. This article is a MUST read.
Aside from her strong opinion about Bear Stearns, other highlights and “behind the scenes” bombshells include: (more…)
