Shelia C. Bair
From MarketsWiki
| This page is not complete: Sign up to add what you know or suggest a page or provide content and sources. |
| Sheila C. Bair | |
| |
| Occupation | Chairwoman |
|---|---|
| Employer | Federal Deposit Insurance Corp. |
Sheila C. Bair is chairwoman of the Federal Deposit Insurance Corp. (FDIC), appointed to a five-year term in 2006. Her term as an FDIC board member extends to 2013. As FDIC chairwoman, Bair agreed to increase deposit insurance from $100,000 to $250,000 when the nation’s banking system nearly froze. She also released details of a $24.4-billion program aimed at preventing 1.5 million foreclosures - a plan for which Treasury Secretary Henry M. Paulson told reporters he would not pay. There was some speculation that Bair could have a role on the team for President-Elect Barack Obama.[1]
Five months after becoming chairwoman, Bair was named to The Wall Street Journal magazine Smart Money's (November 2006) “Power 30” list – the magazine's lineup of the 30 most influential people in investing.[2]Also in 2008, Forbes ranked her as the second most powerful woman in the world behind German chancellor Angela Merkel.[3]
Bair is also an author of children's books that aim to explain the U.S. financial system. She will serve as the keynote speaker for the American Banker's 2008 Banker of the Year Awards in Dec. of 2008.[4]
In 2009, Bair, who pushed lenders to prevent foreclosures, and Brooksley Born, who sought to rein in derivatives, won the John F. Kennedy Profile in Courage Award for “sounding early warnings” on the financial crisis.[5]
Background
| This page needs a sponsor. |
| Put your logo here! |
| Email us for information on how to support MarketsWiki. |
A Kansas native, Bair served as deputy counsel to former Senate Majority Leader Bob Dole (R-Kan.) from 1981 to 1988. She then was appointed to the Commodity Futures Trading Commission, where she served from 1991 to 1995, including a stint as acting chairwoman.
She was senior vice president for government relations for the New York Stock Exchange before joining the Treasury Department. After four years as a professor of financial regulatory policy at the University of Massachusetts, Amherst, she was chosen to head the FDIC in 2006.
Among the honors she has received are: Distinguished Achievement Award, Association of Education Publishers (2005); Personal Service Feature of the Year, and Author of the Month Awards, Highlights Magazine for Children (2002, 2003 and 2004); and The Treasury Medal (2002). On March 12, 2009, she was inducted into the Futures Hall of Fame, which was established in 2005 to commemorate outstanding contributions to the global futures and options community.[6] Her first book – [[Rock, Brock and the Savings Shock]], a publication for children – was published in 2006.[7]
Bair has served as a member of several professional and nonprofit organizations, including the Insurance Marketplace Standards Association, Women in Housing and Finance, Center for Responsible Lending, NASD Ahead-of-the-Curve Advisory Committee, Massachusetts Savings Makes Cents, American Bar Association, Exchequer Club, and Society of Children's Book Writers and Illustrators.[8]
Education
Bair received a bachelor's degree from Kansas University and a J.D. from Kansas University School of Law.
Resources
Video: Conversation With Sheila Bair, Chairman Of The FDIC On Charlie Rose
References
- ↑ FDIC Chief Sheila Bair Could Have Role On Obama Team. Los Angeles Times. Retrieved on November 19, 2008.
- ↑ SmartMoney's Power 30. Smart Money. Retrieved on November 19, 2008.
- ↑ Sheila Bair. Political Base. Retrieved on November 19, 2008.
- ↑ Press Release. MarketWatch. Retrieved on November 19, 2008.
- ↑ Bair, Born Win JFK ‘Courage’ Award for Early Warnings on Crisis. Bloomberg. Retrieved on March 26, 2009.
- ↑ FIA Announces Inductees to Futures Hall of Fame. Futures Industry Association. Retrieved on March 12, 2009.
- ↑ Rock, Brock, And the Savings Shock (Library Binding. Amazon.com. Retrieved on November 19, 2008.
- ↑ Board of Directors & Senior Executives: Sheila C. Bair. FDIC. Retrieved on November 19, 2008.
