The WSJ on Sheila Bair

http://www.futureofcapitalism.com/2010/04/the-wsj-on-sheila-bair

The Wall Street Journal gives the chairman of the FDIC, a big vote of confidence in its editorial today on financial "reform.": "it gives the FDIC the discretion to discriminate among creditors as it judges who gets paid what as part of a resolution. Current FDIC Chairman Sheila Bair wouldn't abuse this power, but her successors might." Looks like the Journal editorial writers hadn't invested in Washington Mutual; if they had, they might be a little less confident in Ms. Bair's discretion.

by Ira Stoll  |  Apr 21, 2010 at 8:42 am Related Topics:  FDIC, Press, Sheila Bair receive the latest by email: subscribe to the free futureofcapitalism.com mailing list