Practical Solutions from Sheila Bair Chairman of FDIC
This is only the begining of our financial crisis, even so, we have an early hero to look towards for guidance and practical solutions: Sheila Bair, Chairman of the FDIC. Bair helped streamline the two major mergers that have come off successfully so far and as the Big Buck Bailout continues to grow and make it's way through congress, Bair has seen to her job of protecting banking customers in a low key conventional way.
The JP Morgan acquisition of Washington Mutualand the recent Wells Fargo acquisition of Wachovia, are the true bright spots, thus far, of our governments efforts to get through this financial implosion. We have Sheila Bair to thank for these wins and I, for one, will be looking towards her for practical solutions as more high risk debt buries increasing numbers of large institutions.