Bair Attacks Too-Big-to-Fail as Enforcer Geithner Must Trust

I read an article on Bloomberg.com by Alison Vekshin about a meeting that Sheila Bair, chairman of the FCIC had with President Obama. She is not a proponent of the too big to fail idea.

“The FDIC head isn’t done expanding her influence over Wall Street. An opponent of the “too-big-to-fail” policy for firms like Citigroup Inc., Bair is lobbying Congress to give the FDIC authority to wind down bank and thrift holding companies -- a move she says is necessary to protect taxpayers. And she wants lawmakers to include the agency in a systemic risk council to prevent future financial shocks.”
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To read the entire article click here