Geithner Neuters FDIC's Sheila Bair in New Regulatory Overhaul. She Thinks Her Job is To Protect Peo

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	Geithner Neuters FDIC's Sheila Bair in New Regulatory Overhaul. She Thinks Her Job is To Protect Peo

ratilfar

7-4-2009 11:19 AM

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treasure, oversight, lack, there, off, economy, policies, obama, owns, mess

ratilfar says:

This is how you do valid, credible, intelligent criticism of a sitting President. So Republicans, why don't you get off the conspiracy theory/anti-Christ crap and actually do something useful for a change, if you really care about your country and want to have a debate about things instead of banding words about like "Socialism" and the like.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/4c586df2-58f2-46f4-a9b8-ec5f9b71ca98/8EC3BF2C-4E2F-478A-963A-825F3E420FDA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://crooksandliars.com/" href="http://crooksandliars.com/" style="font-size: 11px;">crooksandliars.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://crooksandliars.com/"><P>
The New Yorker has a <A href="http://www.newyorker.com/reporting/2009/07/06/090706fa_fact_lizza?currentPage=all">great profile</A> of Sheila Bair, the populist Republican who's at the helm of the FDIC. (h/t <A href="http://riverdaughter.wordpress.com/2009/07/03/breakfast-news-the-end-of-broderism-be-still-my-heart/">Riverdaughter</A>)</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://crooksandliars.com/"><P>As you may already know, Bair is not well liked by the Wall St. crowd that's running the White House show. (Apparently she has this bizarre idea that her job is to <EM>look out for working folk</EM>. Crazy talk!) Well, she's very popular with regular people - the administration wouldn't get rid of her, it would make a stink. Instead, they've just neutered her:</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://crooksandliars.com/">Geithner could appoint the F.D.I.C. to do the technical work of cleaning up the firm, <STRONG>but between late March and mid-June — when Bair’s aggressive ideas about how to handle Citigroup leaked to the press — Bair’s agency had been downgraded from Treasury’s equal partner to a sidekick.</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://crooksandliars.com/">So I think it’s a starting point.” I said that she sounded disappointed. <STRONG>“I don’t know if ‘disappointed’ is the right word,” she replied.</STRONG></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/8EC3BF2C-4E2F-478A-963A-825F3E420FDA/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>