- Description
Former FDIC Chair Sheila Bair on the economy and her book "Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself"
- Keywords:
- debt
- Financial Crisis
- George Bush
- budget
- Economics
- economy
- Obama
- FDIC
- wall st.
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drbosscool 11/09/2012 02:55 PM Report
another one of CRs zionist friends doing her make believe spiel!!!!! nobody is buying anymore
Corndoctor 11/08/2012 05:29 AM Report
I nominate Sheila Bair for Treasury Secretary
REMant 11/06/2012 10:10 AM Report
The public largely had no savings in the big banks to withdraw (or any other banks for that matter). But she's right about the rest of it. I learned the moral hazard issue in the army, when I saw malingering and other misbehavior so routinely accepted there was no point in trying to do better or be prepared, and I'm afraid this in endemic in govt. So I think civil service is really no antidote for corruption. While the bailouts were subsidized by the govt, they were also by the Fed, and the Fed shares the bank's Ponzi philosophy. Liquidity, or cash flow, is not really the issue; the viability of the basic business is, and little has been done to face it. And as long as the money says legal tender for all debts public and private on it, they can continue like Japan to put off facing things for quite long time.