2008 Financial Crisis and Systemic Risk, Sheila Bair Testimony
Federal Deposit Insurance Corporation Chair Sheila Bair testified before the Financial Crisis Inquiry Commission about the actions of the Federal… read more
Federal Deposit Insurance Corporation Chair Sheila Bair testified before the Financial Crisis Inquiry Commission about the actions of the Federal Reserve during the 2008 financial crisis and future regulation of financial institutions. Commissioners asked if the new systemic risk council would have the political will to break up risky firms, raised concerns about “living wills,” and wondered whether regulators would eventually be forced to provide assistance to large troubled companies. close
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