Women In Politics » Sheila Bair

Paws lightens the tension of governing in Congress

admin — Fri, 02 Jul 2010 17:28:45 +0000

Paws lightens the tension of governing in Congress
WASHINGTON — They are the ultimate Capitol Hill insiders, privy to high-powered meetings between lawmakers and lobbyists, able to just saunter into congressional offices — no appointment necessary. Want this kind of access? Tuff.

FDIC’s Bair Favors Boost In Fees For Deposit-Insurance Fund

admin — Wed, 30 Jun 2010 17:24:42 +0000

FDIC’s Bair Favors Boost In Fees For Deposit-Insurance Fund
FDIC’s Bair Favors Boost In Fees For Deposit-Insurance Fund

Wall Street Bill Passage Seen Despite Byrd Death

admin — Tue, 29 Jun 2010 17:27:46 +0000

Wall Street Bill Passage Seen Despite Byrd Death
The death of U.S. Senator Robert Byrd deprives his fellow Democrats of a crucial vote as they seek to pass a sweeping overhaul of U.S. financial regulations and could delay the process, but the measure is still expected to become law eventually.

Financial reform bill: What does it do about firms deemed “too big to fail”?

admin — Mon, 28 Jun 2010 17:29:38 +0000

Financial reform bill: What does it do about firms deemed “too big to fail”?
The financial reform bill is the biggest set of new bank regulations since the Depression. But experts disagree on whether it can eliminate ‘too big to fail’ banks and prevent future bailouts.

(AFX UK Focus) 2010-06-25 22:40 UPDATE 1-FDIC’s Bair warns U.S. regulators to resist lobbying

admin — Sun, 27 Jun 2010 17:28:12 +0000

(AFX UK Focus) 2010-06-25 22:40 UPDATE 1-FDIC’s Bair warns U.S. regulators to resist lobbying
By Karey Wutkowski

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FDIC’s Bair warns U.S. regulators to resist lobbying

admin — Sat, 26 Jun 2010 17:27:40 +0000

FDIC’s Bair warns U.S. regulators to resist lobbying
* Bair sees lobbyists descending on regulators

Read more on Reuters via Yahoo! Asia News

Rating agencies dodge bullet in Wall St reform bill

admin — Fri, 25 Jun 2010 18:37:18 +0000

Rating agencies dodge bullet in Wall St reform bill
Credit-rating agencies like Moody’s and Standard & Poor’s dodged a bullet on Tuesday as lawmakers decided to strip out a provision in the Wall Street reform bill that would have upended their business model.

Read more on Reuters via Yahoo! News

Banks changing how they handle your checking overdrafts

admin — Fri, 25 Jun 2010 17:24:47 +0000

Banks changing how they handle your checking overdrafts
Starting July 1, banks will be required to get new customers’ permission before charging them fees to cover debit card and ATM overdrafts.

U.S. Lawmakers Approve Two-Year Extension of FDIC’s TAG Program

admin — Thu, 24 Jun 2010 17:27:07 +0000

U.S. Lawmakers Approve Two-Year Extension of FDIC’s TAG Program
Congressional negotiators on the financial-overhaul bill agreed to a two-year extension of a program that gave companies unlimited insurance coverage for non-interest bearing bank accounts during the credit crisis.

(AFX UK Focus) 2010-06-18 00:43 UPDATE 1-US House panel seeks to weaken bank capital rules

admin — Wed, 23 Jun 2010 17:25:33 +0000

(AFX UK Focus) 2010-06-18 00:43 UPDATE 1-US House panel seeks to weaken bank capital rules
By Kim Dixon and Rachelle Younglai

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Bullard Joins Two Colleagues Backing Derivatives Curb (Update1)

admin — Wed, 23 Jun 2010 09:18:29 +0000

Bullard Joins Two Colleagues Backing Derivatives Curb (Update1)
June 16 (Bloomberg) — Federal Reserve Bank of St. Louis President James Bullard has joined two colleagues in support of a proposal by Senator Blanche Lincoln that would force commercial banks to wall off their swaps-trading desks.

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Female accountants sponsor conference

admin — Tue, 22 Jun 2010 17:33:57 +0000

Female accountants sponsor conference
Lori Davis and Denise Denning hope 18 months of work will pay off next week when certified public accountants, lawyers and other finance professionals from an eight-state region arrive to attend the American Society of Women Accountants’ regional conference.

Credit raters could get reprieve in Wall Street bill

admin — Mon, 21 Jun 2010 17:27:03 +0000

Credit raters could get reprieve in Wall Street bill
Credit rating agencies like Moody’s Corp and Standard & Poor’s hoped to win a reprieve on Tuesday from a proposal that would upend their business model as U.S. lawmakers sat down to craft a final rewrite of financial regulations

Read more on Reuters via Yahoo! News

Flip Flopping in the Housing Market

admin — Sun, 20 Jun 2010 17:26:43 +0000

Flip Flopping in the Housing Market
The theories about economics and markets developed in the last 100 years are almost all nonsense. Markets are not perfect. They do not reflect the actual value of things. There’s no way of knowing what the actual value is. Instead, markets are always discovering value – in fits and starts – imperfectly. They reflect reality and fantasy…the future and the past…math and muddle.

Rep. Luis Gutierrez: Time for Wall Street to Ex Ante Up!

admin — Thu, 17 Jun 2010 06:35:54 +0000

Rep. Luis Gutierrez: Time for Wall Street to Ex Ante Up!
The House version of the Wall Street reform bill has a $150 billion fund — pre-paid by the big banks — that would cover the cost when a big bank fails. The Senate bill does not.

US House panel want weak bank capital rules

admin — Fri, 11 Jun 2010 09:17:10 +0000

US House panel want weak bank capital rules
WASHINGTON, June 18 — US House negotiators crafting a financial regulation bill agreed yesterday to water down a proposal designed to tighten capital requirements for banks to ensure stability during crises. House lawmakers voted to weaken a plan from Senator Susan Collins that would boost capital rules for banks and would require Tier 1 capital …

Capital in the Capitol

admin — Wed, 09 Jun 2010 06:43:53 +0000

Capital in the Capitol
A controversial provision in the Senate bill would force bank holding companies to hold more capital and essentially prohibit them from counting hybrid securities as Tier 1. The House is proposing to tailor the provision in such a way that it would only affect banks with more than $15 billion of assets.

Lawmakers gird for showdown on credit raters

admin — Mon, 31 May 2010 15:48:04 +0000

Lawmakers gird for showdown on credit raters
Lawmakers on Tuesday girded for a showdown over a measure that could upend the business model of credit rating agencies like Standard & Poor’s and Moody’s Corp., in the first real test of the congressional panel crafting a final Wall Street reform bill.

Read more on Reuters via Yahoo! News

Kevin Zeese: Disappointing Finance Bill Still Has Issues Worth Fighting For

admin — Sun, 30 May 2010 16:08:20 +0000

Kevin Zeese: Disappointing Finance Bill Still Has Issues Worth Fighting For
The financial reform bill in its final stages of legislative action did not break up the big banks, re-instate Glass-Steagall, reign in bonuses and executive…

Nocera: Wake-Up Time for a Dream

admin — Sun, 30 May 2010 15:05:21 +0000

Nocera: Wake-Up Time for a Dream
Sheila Bair, the chairwoman of the Federal Deposit Insurance Corporation , began her week with a bit of honest heresy, the kind that only she, among all the bank regulators, seems willing to utter in the wake of the financial crisis.

(AFX UK Focus) 2010-06-18 01:48 UPDATE 2-US lawmakers debate bank capital rules

admin — Thu, 27 May 2010 10:17:08 +0000

(AFX UK Focus) 2010-06-18 01:48 UPDATE 2-US lawmakers debate bank capital rules
By Kim Dixon and Rachelle Younglai

Read more on Interactive Investor

No tax payer money to bail out failing firms: Bair

admin — Wed, 26 May 2010 21:32:35 +0000

No tax payer money to bail out failing firms: Bair
No tax payer money to bail out failing firms: BairNo tax payer money to bail out failing firms: Bair

US financial market is in cleansing process: Bair

admin — Wed, 26 May 2010 09:13:52 +0000

US financial market is in cleansing process: Bair
The crises in the US financial markets is over and they are in the process of cleaning up, according to Sheila Bair, chairman, Federal Deposit Insurance Corporation of the United States.

Capitol has clearly gone to the dogs

admin — Mon, 24 May 2010 06:02:54 +0000

Capitol has clearly gone to the dogs
A number of lawmakers bring their pooches to work; one says it helps to keep things informal.

‘Crisis is over, clean-up process still on’

admin — Mon, 24 May 2010 00:35:41 +0000

‘Crisis is over, clean-up process still on’
The global financial crisis that started in the later part of 2008 following the collapse of the Wall Street investment bank Lehman Brothers may be over but the cleaning up process is still on, said Chairman of Federal Deposit Insurance Corporation Sheila Bair on Tuesday.

Financial Overhaul Likely to Be More Restrictive on Banks’ Capital Requirements

admin — Sun, 23 May 2010 19:48:49 +0000

Financial Overhaul Likely to Be More Restrictive on Banks’ Capital Requirements
A controversial provision in the Senate bill that would force bank holding companies to hold more capital was expected to be killed, but lawmakers look set to include some version in the final legislation.

Three American women lead fight on Wall Street excess

admin — Sat, 22 May 2010 04:59:03 +0000

Three American women lead fight on Wall Street excess
NEW YORK – Their names are Mary Schapiro, Sheila Bair and Elizabeth Warren – three women heading financial bodies who embody a steely American determination to clean up Wall Street’s excesses.

US lawmakers debate bank capital rules

admin — Thu, 20 May 2010 10:14:18 +0000

US lawmakers debate bank capital rules
Bill gives banks more time to comply with proposed tighter capital requirements. 18 Jun 2010 11:19 AM

JUST IN – Unemployment benefits extension stalls in Senate

admin — Wed, 19 May 2010 11:33:23 +0000

JUST IN – Unemployment benefits extension stalls in Senate
WASHINGTON (MCT) – Under escalating pressure to reduce federal deficit spending, congressional Democrats on Wednesday were forced for the second time in a month to scale back the scope of legislation extending benefits for the long-term unemployed.

Finance regulators will be given wide discretion _ is that wise?

admin — Tue, 18 May 2010 15:03:02 +0000

Finance regulators will be given wide discretion _ is that wise?
WASHINGTON — Fine points are being finalized in the sweeping overhaul of financial regulation now before congressional negotiators, yet one change is abundantly clear: Regulators, not lawmakers, will fill in the blanks to ensure that Wall Street can never again inflict such pain on the nation.

Three women sheriffs lead fight on Wall Street

admin — Tue, 18 May 2010 00:55:59 +0000

Three women sheriffs lead fight on Wall Street
Their names are Mary Schapiro, Sheila Bair and Elizabeth Warren — three women that head financial bodies and panels which embody a steely American determination to clean up Wall Street’s excesses.

(AFX UK Focus) 2010-06-19 03:07 UPDATE 1-Nevada Security Bank closes, deposits to Umpqua

admin — Mon, 17 May 2010 18:07:39 +0000

(AFX UK Focus) 2010-06-19 03:07 UPDATE 1-Nevada Security Bank closes, deposits to Umpqua
WASHINGTON, June 18 (Reuters) – Nevada Security Bank was seized by regulators on Friday and its $480 million in deposits were transferred to Umpqua Bank, based in Oregon. The closures bring up the number of U.S. bank failures this year to 83, with hundreds of small banks still struggling to cope with deteriorating portfolios of commercial real estate loans. Bank failures are expected to peak in …

Read more on Interactive Investor

The Hindu Business Line : ‘US banking crisis is over’

admin — Sat, 15 May 2010 11:52:30 +0000

The Hindu Business Line : ‘US banking crisis is over’
No taxpayer bailout: Ms Sheila C. Bair (right), Chairperson, Federal Deposit Insurance Corp, US and Ms Usha Thorat, Deputy Governor, RBI, at a lecture at the apex bank in Mumbai on Tuesday.

Greek crisis wake-up call for weaker economies

admin — Wed, 12 May 2010 19:05:19 +0000

Greek crisis wake-up call for weaker economies
The US’s Federal Deposit Insurance Corporation chairman Sheila C Bair is confident that there…

Adolor, Banner, HCP, Lincare, Walgreen: U.S. Equity Movers

admin — Tue, 11 May 2010 19:29:11 +0000

Adolor, Banner, HCP, Lincare, Walgreen: U.S. Equity Movers
June 18 (Bloomberg) — Shares of the following companies had unusual moves in U.S. trading. Stock symbols are in parentheses, and prices are as of 4 p.m. in New York.

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Nevada Security Bank closes, deposits to Umpqua

admin — Sun, 09 May 2010 00:50:48 +0000

Nevada Security Bank closes, deposits to Umpqua
Nevada Security Bank was seized by regulators on Friday and its $480 million in deposits were transferred to Umpqua Bank, based in Oregon.

Read more on Reuters via Yahoo! News

Umpqua Buys Third Failed Bank This Year, Expands Into Nevada

admin — Sat, 08 May 2010 09:38:30 +0000

Umpqua Buys Third Failed Bank This Year, Expands Into Nevada
June 18 (Bloomberg) — Umpqua Holdings Corp., owner of Umpqua Bank in Oregon, bought its third failed lender this year, agreeing to acquire Nevada Security Bank.

Read more on Bloomberg

Bair Says GSE Overhaul Should Top Agenda After Financial Bill

admin — Thu, 06 May 2010 17:40:09 +0000

Bair Says GSE Overhaul Should Top Agenda After Financial Bill
June 18 (Bloomberg) — An overhaul of the U.S. mortgage- finance system “should rise to the top of the agenda” as soon as Congress finishes its rewrite of financial-industry rules, Federal Deposit Insurance Corp. Chairman Sheila Bair said today.

Read more on Bloomberg

Want a friend in Washington?

admin — Thu, 06 May 2010 10:35:04 +0000

Want a friend in Washington?
They are the ultimate Capitol Hill insiders, privy to high-powered meetings between lawmakers and lobbyists, able to just saunter into congressional offices — no appointment necessary.

Imperative for India, US to strengthen financial practices: FDIC chief Sheila Bair

admin — Wed, 05 May 2010 01:14:10 +0000

Imperative for India, US to strengthen financial practices: FDIC chief Sheila Bair
Sheila Bair, chairperson of FDIC, said, it is imperative for both the US and India to strengthen financial practices and expand access to mainstream financial services.

Bair’s Next Target: Fannie and Freddie

admin — Tue, 04 May 2010 10:03:51 +0000

Bair’s Next Target: Fannie and Freddie
Fannie Mae and Freddie Mac , the giant mortgage companies that the government controls, should be reshaped as part of a broader effort to make the nation’s housing policy “more definitive about where the financial obligation of taxpayers begins and ends,” Ms. Bair said in prepared remarks at the University of Pennsylvania’s Wharton School in Philadelphia.

Sheila Talks Tough

admin — Sun, 02 May 2010 04:26:33 +0000

Sheila Talks Tough
Sheila Bair spoke at the Wharton School today. She laid it on the line regarding what she thinks should be done to reform the nation’s mortgage market and the role that the government plays. Everyone should read this speech. Especially the current crop of “deciders” in Congress and the Administration. I agree with Ms. Bair on almost all of her points. Her speech confirms to me that she has a …