The Federal Deposit Insurance Corporation (FDIC) wasn’t in the public eye until the banks started to fail. Sheila Bair is the Chair of the FDIC. She was appointed by President Bush, but don’t hold it against her. Ms Bair is a Republican who believes the FDIC should be a consumer protection agency. She has fought for borrowers instead of lenders, and she wants the big banks to lose the freedom to calculate their own capital requirements.
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