Sheila Bair: "Bull by the Horns"
In 2008, the U.S. financial system was near-collapse. Bear Stearns failed and was sold to JP Morgan, Lehman Brothers filed for bankruptcy and worldwide stocks plummeted and Sheila Bair was at the center of it. Appointed Chairman of the Federal Deposit Insurance Corporation in 2006, Bair helped shape the U.S. government response to the crisis. During this time, she closed and sold hundreds of failing banks, advocated for widespread mortgage relief for homeowners and pushed for higher capital requirements for financial institutions. Tom Gjelten talks with Sheila Bair about the 2008 economic crash and the many crises she faced.
former Chairman of the Federal Deposit Insurance Corporation
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Excerpted from Bull by the Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself, by Sheila Bair. Copyright © 2012 by Sheila Bair. Printed by permission of Free Press, a division of Simon & Schuster, Inc.