Fix income inequality with $10 million loans for everyone!

Now that's she doesn't hold a government post anymore, former FDIC Chairwoman Sheila Bair is free to inject some snarky criticism--and boy, does she take advantage of it.

http://www.washingtonpost.com/opinions/fix-income-inequality-with-10-million-loans-for-everyone/2012/04/13/gIQATUQAFT_story.html

FDIC warns on moral hazard for money market funds

The operative word is "outgoing" FDIC Chairwoman.  The truth always comes out when they are about to leave office.

http://www.reuters.com/article/2011/05/10/funds-moneymarket-idUSWAT01510720110510

A salute to Sheila Bair, outgoing FDIC Chairwoman

http://problembanklist.com/when-the-fdic-says-not-to-worry-its-time-to-worry/

http://www.fdic.gov/consumers/consumer/news/cnfall09/safe_place.html

All FDIC insured deposits are backed by “the full faith and credit” of the United States government.    Therefore,  according to the FDIC Chairman Bair, “In short, we cannot run out of money“. - Sheila Bair, FDIC Chairwoman, Fall, 2009

http://blog.cleveland.com/business/2009/03/fdics_chairman_warns_bank_depo.html

"Without substantial amounts of additional assessment revenue in the near future, current projections indicate that the fund balance will approach zero or even become negative."- Sheila Bair, FDIC Chairwoman, March, 2009

Looks like she covered all her bases.

Bair Steps Down At A Crucial Time For FDIC

One more lifeboat taken in this Titanic.


http://blogs.forbes.com/halahtouryalai/2011/05/09/bair-steps-down-at-a-crucial-time-for-fdic/

Sheila Bair on the bond bubble

Wow--did I hear that right? Sheila Bair of the FDIC just admitted interest rates will back up eventually and there does exist a "bit of a bond bubble." I will post the video up if/when Bloomberg does.

FDIC's Bair Warns of Government "Exposure" in Mortgages

http://abcnews.go.com/Business/wireStory?id=11589815

FDIC is broke

The FDIC isn't almost broke--it IS broke.

http://www.fdic.gov/news/news/press/2009/pr09212.html

The number of institutions on the FDIC's "Problem List" rose to its highest level in 16 years. At the end of September, there were 552 insured institutions on the "Problem List," up from 416 on June 30. This is the largest number of "problem" institutions since December 31, 1993, when there were 575 institutions on the list. Total assets of "problem" institutions increased during the quarter from $299.8 billion to $345.9 billion, the highest level since the end of 1993, when they totaled $346.2 billion. Fifty institutions failed during the third quarter, bringing the total number of failures in the first nine months of 2009 to 95.

As projected in September, the FDIC's Deposit Insurance Fund (DIF) balance – or the net worth of the fund – fell below zero for the first time since the third quarter of 1992. The fund balance of negative $8.2 billion as of September...