Topic: Sheila Bair
FDIC head warns Senate Democrats not to ban banks' derivatives businessA top government banking regulator wants Senate Democrats to let banks keep most of their business in complex — and profitable — securities known as derivatives.A sweeping overhaul of banking regulations pending ...
WASHINGTON (Reuters) - The Obama administration vowed on Monday to push for tougher financial regulation reform, with legislation possibly headed for the Senate floor as soon as next week.Invoking the 2007-2009 financial crisis in an appeal for action, Deputy Treasury Secretary Neal ...
That's the wholesale interbank market right there, and in the wake of the WaMu collapse, banks pretty much stopped lending to each other, fearful that at any point Bair could step in and wipe out billions of dollars in assets. The ensuing ...
Barney Frank's proposal from yesterday is bad. Chairman Sheila Bair, breaking with the Obama administration, said U.S. financial companies should prepay into a fund the government would use to unwind large failed firms.. Congress should set up a Financial Company Resolution Fund ...
In testimony before the House Committee on Oversight and Government Reform today, Alan Greenspan accepts partial responsibility for the housing bubble and ensuing credit crisis. " Greenspan testifies before lawmakers alongside former Treasury and Securities and Exchange Commission officials. Sheila Bair, FDIC ...
A STANDOFF OVER HOUSING RELIEF What's the best way to stabilize plunging home prices? Paulson argues that Bair's plan is inappropriate for the Treasury's $700 billion rescue, because it would be an expenditure rather than an investment that would earn a return. ...