Free Republic 2nd Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $20,554
24%  
Woo hoo!! And the first 24% is in!! Thank you all very much!!

Keyword: bair

Brevity: Headers | « Text »
  • Time to Move Past Debate On Dodd-Frank Law: FDIC's Bair

    01/13/2011 8:05:38 AM PST · by TigerLikesRooster · 6 replies
    CNBC ^ | Michelle Lodge
    Time to Move Past Debate On Dodd-Frank Law: FDIC's Bair Published: Thursday, 13 Jan 2011 | 10:32 AM ET By: Michelle Lodge CNBC.com Writer Even with the Republicans in control of the House, major changes in the Dodd-Frank financial overhaul law are unlikely and it's time for the country "to get on with it," Sheila Bair, chairwoman of the Federal Deposit Insurance Corporation, told CNBC Thursday. “Dodd-Frank gives the regulators a lot of tools to implement them [changes], and we are doing that in a balanced way,” said Bair, speaking from the Small Business Forum in Washington DC, a co-partnership...
  • FDIC Seizes ShoreBank; Reinstalls Failed Management

    08/23/2010 3:33:26 PM PDT · by jazusamo · 10 replies
    National Legal & Policy Center ^ | August 23, 2010 | Paul Chesser
      On Friday the Federal Deposit Insurance Corporation momentarily took over politically-connected ShoreBank, just long enough to relieve it of some of its woes and then turn it back over to the same people to continue its same failed mission. According to a press release, the FDIC Deposit Insurance Fund will take a $367.7 million hit in the transaction.Looks like FDIC chairman Sheila Bair succeeded in her pursuit to save her baby. The Wall Street firms she reportedly pressured to help save ShoreBank – Goldman Sachs, Bank of America, JP Morgan Chase, Morgan Stanley, and General Electric, among others...
  • BAIR MUST RESIGN: Conflict Of Interest

    01/21/2010 2:27:25 PM PST · by Need4Truth · 1 replies · 329+ views
    The Market Ticker ^ | January 21, 2010 | Karl Denninger
    What the hell is THIS? Sheila Bair, one of the chief regulators overseeing Bank of America’s federal rescue, took out two mortgages worth more than $1 million from the banking giant last summer during ongoing negotiations about the bank’s bailout and its repayment. It gets better... Mortgage documents for that 14-room home include a provision, known as a second-home rider, stating that Bair and her husband must keep the house for their “exclusive use and enjoyment” and may not use it as a rental or timeshare. Yet the couple has been renting out part of the house since they left...
  • (FDIC Chairman) Bair calls U.S. bank bailout "not a good thing"

    11/13/2009 7:29:32 PM PST · by NormsRevenge · 10 replies · 587+ views
    Reuters on Yahoo ^ | 11/13/09 | Karey Wutkowski
    WASHINGTON (Reuters) – Leading U.S. bank regulator Sheila Bair said on Friday that the government's capital injections into the largest banks was "probably not a good thing." Bair, the chairman of the Federal Deposit Insurance Corp, said the billions of dollars of capital infusions last year had a terrible impact on public perception of the financial industry and government regulators. "I think at the time it sounded like the right thing to do and, again, it was part of an international effort, but I just see all the problems it's created," Bair said during an interview with PBS NewsHour. "I...
  • FDIC's Bair pushes for regulatory changes (Fed could run "large" companies) (Big Govt® at work)

    11/09/2009 2:54:10 PM PST · by rabscuttle385 · 5 replies · 269+ views
    AP ^ | 2009-11-02 | David Twiddy
    MANHATTAN, Kan. (AP) — The head of the Federal Deposit Insurance Corp. on Monday said Congress needs to provide regulators greater tools to control the risky financial behavior that helped trigger the recession and to unwind major firms on the verge of collapse. FDIC Chairman Sheila Bair said she supports such a winding-down process for financial institutions other than banks. But she does have reservations with a proposal now before the House, which would cover the costs for the government of dissolving troubled companies with fees charged to businesses after the firms' meltdown occurred. Bair says that fund should be...
  • Sheila Bair: All Bark, No Bite

    11/02/2009 3:47:02 PM PST · by FromLori · 296+ views
    Sheila is apparently upset at the banks "pushing back" against reform: Sheila Bair, chairman of the Federal Deposit Insurance Corp, said on Monday that some in the financial services sector are trying to argue that regulatory reform would stifle innovation and impede economic growth. "That makes me angry," Bair said in a text of remarks prepared for a lecture at Kansas State University. It does? You're not showing it. How hard is this Sheila? You have the authority, along with the OTS and OCC, to walk into any bank in the United States with your examiners, look at every asset...
  • Sheila Bair Addresses A Worried Nation

    10/23/2009 4:22:30 PM PDT · by FromLori · 3 replies · 337+ views
    Zero Hedge ^ | 10/23/09
    100: Partners Bank, Naples, FL 101: American United Bank, Lawrenceville, GA 102: Hillcrest Bank Florida, Naples, FL 103: Flagship National Bank, Bradenton, FL As you watch the bobbing metronome of Sheila C. Bair's head during this video ("...but as I said [left tick] we have the ability to immediately access [right tock] up to $500 billion from our Treasury line [left tick]...") wonder to yourself quietly: How is the FDIC going to slurp down another $500 billion without some roof rasing action on the debt ceiling? How can ANYONE promise that no insured depositor will ever (until the heat death...
  • Geithner, Summers, Bair on Wall Street[Treasury Sec Geithner “We’ve got Unsustainable Deficits"]

    10/16/2009 6:36:00 PM PDT · by Son House · 20 replies · 1,479+ views
    FOXNEWS.com ^ | October 16, 2009 | Elizabeth MacDonald
    In unprepared remarks given at a Wall Street conference hosted by The Economist magazine yesterday, Treasury Secretary Timothy Geithner delivered this eye-brow-raising comment: “We’ve got unsustainable deficits over a five- to 10-year window.” Economists have also projected this outsized deficit spending—a $3.6 tn budget, a $787 bn stimulus plan, and health reform veering towards $1 tn over a period of years--is putting the country on track to join Zimbabwe, Italy, and Japan when it comes to rising debt-to-GDP ratios. Geithner also said the US economy is slowly recovering, but the markets should not expect a V-shaped recovery, as the healing...
  • FDIC May Ask Banks for a Bailout

    09/22/2009 12:49:08 AM PDT · by CutePuppy · 44 replies · 2,416+ views
    NYTimes via CNBC ^ | September 21, 2009 | Stephen Labaton
    Tired of the government bailing out banks? Get ready for this: officials may soon ask banks to bail out the government. Senior regulators say they are seriously considering a plan to have the nation’s healthy banks lend billions of dollars to rescue the insurance fund that protects bank depositors. That would enable the fund, which is rapidly running out of money because of a wave of bank failures, to continue to rescue the sickest banks. The plan, strongly supported by bankers and their lobbyists, would be a major reversal of fortune. A hallmark of the financial crisis has been the...
  • Is The FDIC Bankrupt?

    08/18/2009 3:57:32 AM PDT · by louscat · 23 replies · 2,124+ views
    The Financial Physician ^ | August 18, 2009 | Lou Scatigna
    As I have reported here the last few days, 5 banks failed this past Friday and 2 of them were huge. Colonial Bank's failure was the sixth largest in US history, depleting the FDIC's Deposit Insurance Fund (DIF) by $2.8 billion. Community Bank of Nevada was also seized on Friday with the DIF taking a $782 million hit. Total losses for FDIC on Friday is estimated to be $3.7 billion. So how much is left in the DIF? Well according to this report Saxo Bank Research LINK prior to Friday's bank failures the FDIC DIF had been depleted to only...
  • NOT THE BAIR MINIMUM (Obama, Soros, Rahm taking control of financial system)

    07/07/2009 6:05:39 AM PDT · by Liz · 32 replies · 1,151+ views
    NY POST ^ | 7/7/09 | JOSH KOSMAN
    CRITICISM OVER FDIC RULES FOR PE BUYS OF BANKS-- FDIC boss Sheila Bair may have overstepped her authority with a proposal to limit how private-equity firms can snap up fallen banks. Banking agencies expressed concern about Bair's plan. The FDIC guarantees deposits---the Office of the Comptroller of the Currency and the Office of Thrift Supervision regulate aspects of banking. [OCC chief] John Dugan said, "we are very concerned that the tone of the proposed guidelines would scare off private-equity money." The hope is that the rules will change before the formal vote which follows a 30-day comment period. John Douglas,...
  • [FDIC Chair] Bair Cautions Banking Crisis Is Not Over

    06/14/2009 11:20:29 PM PDT · by bruinbirdman · 5 replies · 452+ views
    Forbes ^ | 6/12/2009 | Joshua Zumbrun,
    As focus turns to regulation reform, she says ''many more bank failures'' lay ahead. Sheila Bair, chairman of the Federal Deposit Insurance Corporation, said Friday that while the crisis that swept through the financial world last year has subsided somewhat, it was far from over and there would be "many more bank failures" ahead. "I think there's still some challenges, I think we need to be realistic. There are still some troubled assets on the books and we still have an economy that's under significant stress," said Bair in a 90-minute interview with Forbes reporters and editors on Friday. "We...
  • JFK awards given to 2 who warned of finance crisis [Are they serious?]

    05/18/2009 1:10:21 PM PDT · by Fractal Trader · 6 replies · 531+ views
    Boston.com ^ | 18 May 2009
    Two U.S. federal regulators who sounded early warnings on the financial crisis and a Liberian peace activist who helped end that nation's civil war were honored for their efforts Monday at the John F. Kennedy Library in Boston. Federal Deposit Insurance Corp. chairwoman Sheila Bair, former chairwoman of the Commodity Futures Trading Commission Brooksley Born, and peace activist Leymah Gbowee (LAY'-mah BOH'-wee) were presented with Profile in Courage Awards, annual honors named for a 1957 Pulitzer Prize-winning book written by John F. Kennedy. "(It's) a special honor to present the award to three women who have inspired all those who...
  • FDIC's Bair says bank CEOs will be replaced: report

    05/15/2009 11:36:19 AM PDT · by jdsteel · 20 replies · 944+ views
    Reuters via Yahoo Finance ^ | 5/15/09 | jdsteel
    NEW YORK (Reuters) - Federal Deposit Insurance Corp chairman Sheila Bair said some U.S. bank chief executives will be replaced in the next couple of months as regulators assess lenders' financial strength, Bloomberg News said on Friday, citing a television interview to be broadcast this weekend. "Management needs to be evaluated," Bair said on Bloomberg TV's program Political Capital with Al Hunt. "Have they been doing a good job? Are there people who can do a better job," Bair said. Asked about chief executives being replaced, Bair replied, "Yes," according to the report. In the last year, the federal government...
  • No Bank is too Big to Fail Claims FDIC's Bair

    05/06/2009 8:11:59 AM PDT · by Notoriously Conservative · 5 replies · 254+ views
    notoriouslyconservative.com ^ | 05 06 09 | Notoriously Conservative
    FDIC's Bair Questions Need for Large, Complex Financial Firms Ms. Bair, who as protector of the nation's deposits has been at the fore of government efforts to deal with the financial crisis, questioned the need for firms considered "too big to fail." Instead, she said, the U.S. needs to have a system where one firm can be allowed to fail without the entire system breaking down. That has been the key issue for policy makers trying to stabilize the U.S. banking system. Government policy has been to not let any of the major banking institutions collapse because of the potential...
  • Stress Tests are Not Stressful Enough (FDIC list of troubled banks has risen)

    05/04/2009 7:54:47 PM PDT · by sickoflibs · 14 replies · 610+ views
    Financial Sense University ^ | April 30, 2009 | John Browne
    Last week, when the U.S. Treasury unveiled the basics of their lender “stress tests”, the Fed concluded that “most U.S. banking organizations currently have capital levels well in excess of the amounts required to be well capitalized.” Simultaneously, they also claimed that the banks needed more capital. Apparently the Fed has little understanding of irony. Why would our central bankers conclude that “well capitalized” banks need “more capital?” Quite possibly, they believe, as I do, that the rosy economic assumptions that form the basis of the “stress tests” may be far too optimistic. I believe that neither the Fed nor...