Are the big banks as well capitalized as the Fed believes? Probably not, says the former FDIC chair.
March 23, 2012
If you have to listen to a speech by a government regulator - present or former - you could do a lot worse than being in the audience when Sheila Bair, the former chair of the Federal Deposit Insurance Corp., discusses banking. Most CFOs have no love of federal regulation but I wish some of you had been at The Atlantic's Economy Summit in Washington D.C. recently when she spoke. Bair was one of the leading regulatory voices during the financial crisis - and frequently the one that made the most sense. She believes in strong regulation, but she's hardly anti-business. Read more...
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