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President wants everyone but himself to pay more
Topic - Sheila C. Bair
How much drama can take place in boardrooms and on intra-agency phone conferences? Sheila Bair aims to find out in her financial-crisis memoir, "Bull by the Horns: Fighting to Save Main Street From Wall Street and Wall Street From Itself."
Sheila Bair, a key government official during the 2008 financial crisis, has a book deal.
Sheila C. Bair will step down as chairman of the Federal Deposit Insurance Corp. this summer, ending a five-year term in which she played a central role in fashioning the government's response to the 2008 global financial crisis.
The mortgage-servicing industry should fund a new commission to compensate homeowners who may have wrongly been kicked out of their homes, a top U.S. banking regulator said Wednesday.
A lull in loan defaults this spring enabled the nation's banks to post their biggest quarterly industry profit in nearly three years, the Federal Deposit Insurance Corp. reported Tuesday.
Sheila Bair logged onto her e-mail account recently and got a pop-up ad offering a $175,000 home loan with monthly payments of only $400.
Ms. Bair writes that Mr. Geithner's appointment as Treasury secretary was a "punch in the gut" because she mistrusted Mr. Geithner's actions in his previous job as head of the Federal Reserve Bank of New York and viewed his failure to pay payroll taxes while at the International Monetary Fund as disqualifying.
"We do not yet really know the full extent of the problem," Ms. Bair said in written remarks to the Senate Banking Committee.