Sheila Bair

  • Why aren't big banks issuing more long-term debt?

    Many banks are thinking more about maximizing short-term profits than about building a stable base of funding that will protect them when interest rates inevitably rise again.

    By Sheila Bair

    FORTUNE -- During the financial crisis, several large financial institutions heavily relied on short-term borrowings to support their operations. This became a major problem. As credit markets froze, the banks were unable to renew their expiring short-term loans and thus were MORE

    Dec 4, 2012 6:59 AM ET
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  • 4 ways Wall Street can ante up for fiscal health

    Wall Street chiefs say they want Washington to come up with a long-term fix for our debt problems. How far are they willing to go?

    By Sheila Bair

    FORTUNE -- Okay everyone, listen up. I'm going to say something nice about Wall Street CEOs. That is because they are putting their considerable political clout behind a cause that benefits the rest of us: getting our fiscal house in order with a long-term, MORE

    Nov 19, 2012 10:30 AM ET
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  • Want to fix Congress? Let's institute pay for performance

    It's helped make corporate America run better.  It might just be the ticket to get our lawmakers back on track.

    By Sheila Bair, contributor

    FORTUNE -- Will the elections bring about improvements in our increasingly dysfunctional government? I fear not. Successfully running for office these days is more about political fundraising and negative campaigning than about the art of governing. Only one in 10 Americans thinks Congress is doing a good MORE

    Nov 6, 2012 5:00 AM ET
  • Sheila Bair: 5 questions for the candidates on finance reform

    No one wants to see another financial crisis, so let's ask both Mitt Romney and Barack Obama some very pointed questions about how they would prevent it.

    By Sheila Bair

    FORTUNE -- The economy has taken center stage in the drama of the 2012 Presidential race. Yet, neither candidate's campaign script acknowledges the connection between our current economic woes and the financial crisis which caused them. Four years after the crisis, MORE

    Oct 16, 2012 5:00 AM ET
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  • Dear next President: Court your adversaries

    The next President will need to raise the bar on how the White House reaches out to adversaries, according to a bipartisan panel at Fortune's Most Powerful Women conference.

    By Tory Newmyer, writer

    FORTUNE -- President Obama would need to work much harder reaching out to unfriendly power centers in a second term. That was the striking point of bipartisan consensus from former George W. Bush adviser Karen Hughes and Obama bundler Mellody MORE

    Oct 3, 2012 4:10 PM ET
  • Sheila Bair and the bailout bank titans

    As the financial system melted down in the fall of 2008, the Treasury Department gave the nation's biggest banks billions in new capital. Was it all necessary? No, says the former FDIC chief in her new book.

    By Sheila Bair, contributor

    FORTUNE -- Few players had as close a view of the financial crisis as Sheila Bair, chairman of the Federal Deposit Insurance Corp. from June 2006 to July 2011. In MORE

    Sep 20, 2012 5:00 AM ET
  • Libor and the folly of deregulation

    The New York Fed dropped the ball during the Libor scandal.  Could it happen again?

    By Sheila Bair, contributor

    FORTUNE – A lot of fingers are pointing in a lot of directions in the Libor price-fixing affair. Tim Geithner is pointing his finger at the Bank of England. Republicans in Congress are pointing their fingers at Geithner. The big banks are pointing their fingers at one another. But one party to MORE

    Aug 17, 2012 5:00 AM ET
  • Europe must act fast to avoid the risk of a bank run

    Financial leaders are sounding the alarm for unified stability, but the usual suspects are dragging their heels once again.

    By Sheila Bair, contributor

    FORTUNE -- Europe is starting to look more and more like the U.S. as it headed for the cliff in the fall of 2008. The continent's banking system is fragile and overleveraged. Making a scary situation even scarier is the lack of a central, credible authority to protect MORE

    Jul 9, 2012 5:00 AM ET
  • Breaking up Chase: Good for shareholders and taxpayers

    Jamie Dimon needs to take a cue from J.P. Morgan's trading debacle and divide the banking giant into manageable pieces.

    By Sheila Bair, contributor

    FORTUNE – When I was a child, my sister and I loved watching the goings-on at a chicken farm near my grandmother's house in rural Kansas. Chickens are interesting social animals, resembling, somewhat, the way we in Washington interact with one another. They were always on the MORE

    May 25, 2012 5:00 AM ET
  • Why it's time for higher interest rates

    Progressives, led by Paul Krugman, believe that we can fix our economic woes with more consumer debt and higher inflation. The reality is that near zero interest rates encourage speculation, discourage savings, weaken pension funds, and put millions of baby boomers at risk.

    By Sheila Bair

    FORTUNE -- In the late 1800's, coal mine barons found no shortage of ways to maximize profits at the expense of their workers. Miners were MORE

    May 11, 2012 10:07 AM ET
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About This Author
Sheila Bair
Sheila Bair
Contributor, Fortune

Sheila Bair is a Fortune contributor, and a former chair of the FDIC, and former member of the Basel Committee. She is also the author of the New York Times bestseller Bull by the Horns, Fighting to Save Main Street from Wall Street and Wall Street from Itself.

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