Sheila Bair, Pew Charitable Trusts and former FDIC chairman, discusses Europe's debt problems and says she doesn't see any sudden shocks out of Europe but the banks should have mandated higher capital. Also, the Fast Money traders weigh in on U.S. banks and whether the recent rally indicates banks are stable.
Sheila Bair, former FDIC chair, discusses the Volcker Rule; the FDIC's stress test plan; and why, she believes it's time to break up the "too big to fail" banks.
Every now and then I like to imagine a day on which everyone will have finally understood the contribution of the Community Reinvestment Act to the mortgage crisis.
In the panicky days of September 2008, a kind of conventional wisdom grew up in the minds of almost all of the Serious People. The failure to "rescue" Lehman Brothers, according to the Con Wiz, was an especially bad mistake on the part of regulators. The government should have arranged a distressed sale by back-stopping Lehman's assets against losses.
As temporary leaders overhaul regulations, concerns are rising about their vulnerability to political pressure, the New York Times reports.
Sheila Bair is stepping down as chairman of the Federal Deposit Insurance Corp. this summer, ending a five-year term in which she helped craft the government's response to the 2008 financial crisis.
The new risk retention rules proposed by regulators today are far more stringent than major banks had hoped they would be.
A controversial new rule that will require banks to retain risk on the mortgages they securitize will help bring back investor confidence in the market, FDIC chair Sheila Bair told CNBC Monday.
A look at pending regulations that could change the future of banking, and the efforts of banks to avoid or change them, with Sheila Bair, FDIC Chairman.
Credit quality and earnings are strengthening, meaning the banking sector is on the upswing, FDIC Chairman Sheila Bair said Tuesday.
The White House is struggling to fill key financial posts in the administration as a combination of Senate opposition and candidates’ reluctance to join up leaves critical positions empty. The FT reports.