An Interview with the FDIC's Sheila Bair
Last night I had the privilege of discussing the state of the banking industry with distinguished FDIC chair Sheila Bair.
One interesting highlight was her comment that commercial real estate loans remain a "looming problem" on banks' balance sheets.
She expects this area to be a driver for bank failures through the remainder of this year and into 2010.
And she remains firmly opposed to the idea of a single super regulator.
Incidentally, I still think she's absolutely right about needing competition among the regulators, with various checks and balances.
The Fed has not earned its uber-regulator status.
On CNBC.com now:
- Slideshow: Biggest Holders of US Gov't Debt
- Slideshow: What Does $1 Trillion Look Like?
- Slideshow: How Your Tax Dollars Are Spent
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