Sheila Colleen Bair was the 19th Chair of the U.S. Federal Deposit Insurance Corporation (FDIC), during which time she assumed a prominent role in the government's response to the 2008 financial crisis. She was appointed to the post for a five-year term on June 26, 2006 by George W. Bush.
|I don’t want to have to go out and play golf with someone before I can get anything done.||Leaders & Leadership|
|Our job is to protect bank customers, not banks.||Business, Commerce & Finance|
|The regulators can’t do it. These institutions are just too large and complex.||Regulation & Deregulation|
|Why did we do the bailouts? It was all about the bondholders. They [the Treasury Department officials] did not want to impose losses on bondholders and we did. We kept saying, “There is no insurance premium on bondholders”… For the little guy on Main Street who has bank deposits, we charge the banks a premium for that, and it gets passed on to the customers. We don’t have the same thing for bondholders. They’re supposed to take losses.||Management & Managing Government|