For readers curious to Sheila Bair's perspectives that caused Geithner's Tourette's outbursts last Friday, the Senate Committee on Banking, Housing and Urban Affairs is holding a hearing live now in which the FDIC chairman presents her views.
Multiple Choice Trick Question of the Day: Sheila Bair A) Does or B) Doesn’t Believe 500 Banks Will FailSubmitted by Benjamin N. Dover III on 07/24/2009 00:37 -0500
If you answered “C) Both of the above”, not only would you be correct, you'd have the logical reasoning skills required to be a decabox pundit on a respected financial news network.
When I wrote about this issue a week ago, I thought I was going to be called out for prognosticating gloom and doom as usual...Well, no such luck, in fact quite the opposite. Sheila Bair came out with some very scary words for depositors everywhere: