The former FDIC chair joins Bill to talk about American banks’ manipulative practices and seeming immunity from real scrutiny or prosecution.
Sheila Bair, the longtime Republican who served as chair of the Federal Deposit Insurance Corporation (FDIC) during the fiscal meltdown five years ago, joins Bill to talk about American banks’ continuing risky and manipulative practices, their seeming immunity from prosecution, and growing anger from Congress and the public.
“I think the system’s a little bit safer, but nothing like the dramatic reforms that we really need to see to tame these large banks, and to give us a stable financial system that supports the real economy, not just trading profits of large financial institutions,” Bair tells Bill.
March 22, 2013
Bair is the author of Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself.