Sheila Bair is our BEST REGULATOR!

http://blogs.wsj.com/economics/2009/11/13/in-retrospect-bair-says-tarp-investments-in-banks-not-a-good-idea/ Federal Deposit Insurance Corp. Chairman Sheila Bair said in an interview with PBS on Friday the government’s decision to buy capital in banks during the financial crisis was — in retrospect — not a good idea, because of all the problems that have ensued. Bair “I just see all the problems... [more]

http://blogs.wsj.com/economics/2009/11/13/in-retrospect-bair-says-tarp-investments-in-banks-not-a-good-idea/ Federal Deposit Insurance Corp. Chairman Sheila Bair said in an interview with PBS on Friday the government’s decision to buy capital in banks during the financial crisis was — in retrospect — not a good idea, because of all the problems that have ensued. Bair “I just see all the problems it’s created now,” she said in an interview with PBS economics correspondent Paul Solman. “The horrible public outcry — it’s had a terrible, terrible impact on public attitudes towards the financial systems, towards the regulatory community. It’s created all sorts of issues about government ownership of these institutions. What happens if they get in trouble again? Do we contain the bonuses and the compensation because they are partially taxpayer owned, which might make things worse because they can’t bring in new and better management, which in some cases might be necessary.” [less]