Rep. Sean P. Duffy, Wisconsin Republican and chairman of the Financial Services subcommittee on oversight and investigations, convened the meeting of Operation Choke Point victims to demonstrate the personal effects of what he calls "the greatest government overreach that no one is talking about" and to question the FDIC chairman about the program. (Associated Press)
Federal Deposit Insurance Corp. Chairman Sheila C. Bair is leaving stepping down as one of the government's top bank regulators, ending a five-year term in which she helped craft the government's response to the 2008 financial crisis.
** FILE** Federal Deposit Insurance Corporation (FDIC) Chair Sheila Bair testifies on Capitol Hill in Washington, Thursday, Feb. 17, 2011, before the Senate Banking Committee hearing on the Dodd-Frank law, the sweeping financial reforms passed six months ago to prevent a repeat of the economic crisis. (AP Photo/J. Scott Applewhite)
The federal ethics office said FDIC Chairman Sheila C. Bair received a retroactive waiver for mortgages she took out with Bank of America while working on the bank's government rescue, but it found no evidence the loans influenced her actions.