Posts filed under “Bailouts”

MiB: Sheila Bair, Chairman of FDIC

Sheila Bair, former chairman of the U.S. Federal Deposit Insurance Corp., describes what it was like in the room with former Treasury Secretary Hank Paulson and former Federal Reserve Chairman Ben Bernanke when the global economy was on the verge of falling into the abyss in this week’s “Masters in Business” podcast. Listen to the full interview below, or click through to Soundcloud.

Early in her career, Bair was recruited by Kansas Senator Bob Dole to serve as a counsel on the Senate Judiciary Committee. She eventually rose to become counsel to Dole when he was Senate majority leader. Bair was commissioner and acting chairman of the Commodity Futures Trading Commission from 1991 to 1995 before serving as senior vice president for government relations at the New York Stock Exchange from 1995 to 2000. She was appointed as chairman of the FDIC in 2006. Under her direction, the FDIC was rated the best place in government to work. Her book on her time at the FDIC and the financial crisis is “Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself.

Bair has some surprising things to say about women in politics, bipartisanship and what it was like turning the FDIC around. You can stream the podcast at SoundCloud or download it here.

Next week, I’ll talk with James O’Shaughnessy of O’Shaughnessy Asset Management and author of “What Works On Wall Street.”



Category: Bailouts, Media, Podcast

The System Worked (?!)

Dan Drezner, author of The System Worked, discusses how we avoided another Great Depression.

Category: Bailouts, Video

How Greenspan Became the ex-Maestro

On this day in 1987, Alan Greenspan became chairman of the Federal Reserve Board. This anniversary allows us to take a quick look at what followed over the next two decades. As it turned out, it was one of the most interesting and, to be blunt, weirdest tenures ever for a Fed chairman. This was…Read More

Category: Bailouts, Federal Reserve, Markets, Really, really bad calls

QE Auctions of Treasury Bonds

Category: Bailouts, Federal Reserve, Fixed Income/Interest Rates, Think Tank

Tapering Is Now Tightening

Tapering Is Now Tightening David R. Kotok July 19, 2014     For a long time, as we saw it, tapering and the threat of tapering (as in last year’s taper tantrum) did not constitute tightening. Today we explore why we believe the situation has now changed. In order to understand why tapering was not…Read More

Category: Bailouts, Credit, Federal Reserve, Fixed Income/Interest Rates, Think Tank

Chair Janet L. Yellen: Monetary Policy and Financial Stability

Chair Janet L. Yellen: Monetary Policy and Financial Stability At the 2014 Michel Camdessus Central Banking Lecture, International Monetary Fund, Washington, D.C. July 2, 2014   It is an honor to deliver the inaugural Michel Camdessus Central Banking Lecture. Michel Camdessus served with distinction as governor of the Banque de France and was one of…Read More

Category: Bailouts, Federal Reserve, Think Tank

Wealth Levels, Wealth Inequality, and the Great Recession

Category: Bailouts, Think Tank, Wages & Income

Category: Bailouts, Employment, Think Tank

Where Did All of the Volume Go?

Source: BCA   Today’s chart comes to us from Chen Zhao of the Bank Credit Analyst, who writes in a research report: The financial services industry have (sic) begun to feel the pinch of the fallout from low volatility and zero interest rates. The average return delivered by hedge funds has fallen sharply since the…Read More

Category: Asset Allocation, Bailouts, Trading

Monetary Policy in the United States: A Brave New World?

Category: Bailouts, Federal Reserve, Think Tank