Yahoo HomeSheila Bair is the former Chair of the FDIC and has held senior appointments in both Republican and Democrat Administrations. She currently serves as a board member or advisor to a several companies and is a founding board member of the Volcker Alliance, a nonprofit established to rebuild trust in government.
Yahoo FinanceWhy Lael Brainard is best qualified to lead the Fed
Suspense mounts over who will be the next Federal Reserve Chair. Washington’s smart money is betting on Jay Powell’s reappointment, but Lael Brainard is running a strong second.
- Yahoo Finance
'Buy now, pay later' fad could have redeeming qualities — with proper use and regulation
"Buy now, pay later" has enabled millions of Gen Zs and millennials to take on the dumbest kind of debt. But with stronger regulation it could actually morph into something beneficial.
- Yahoo Finance
Why the Fed chair needs to care about financial regulation
The Fed does not like to admit that its aggressive monetary interventions create system instability — but they do. People can disagree on whether the benefits outweigh risks, but there can be no debate that the risks are there.
- Yahoo Finance
A Fed-issued digital dollar could print money — for the people
More and more informed observers are asking why, after 13+ years of the Federal Reserve’s increasingly aggressive monetary interventions, the benefits remain so skewed toward Wall Street over Main Street. A digital dollar could level the playing field.
- Yahoo Finance
Rising financial risks should make the Fed wary of loosening rules
In the annals of financial crises, perhaps there is no better predictor of impending doom than when financial regulators start loosening regulations.
- Yahoo Finance
Biden-led regulators need to crack down on nonbank risks — or let them fail
There are many important issues requiring President Joe Biden’s attention. Twelve years after the Great Financial Crisis (GFC), financial instability remains one of them.
- Yahoo Finance
Why Treasury Secretary is Biden’s most crucial Cabinet pick
As our economy continues to struggle under the burden of Covid-19, the Treasury Secretary will be President Biden’s most important Cabinet selection, writes former FDIC chair Sheila Bair.
- Yahoo Finance
Why federal student loans need new protections on debt collection
Limit collections on federal student loan debt – or cancel it. Former FDIC Chair Shelia Bair makes the case.
- Yahoo Finance
Sheila Bair: The danger of allowing banks to artificially boost capital ratios
Former FDIC Chair Sheila Bair says regulators are allowing banks to artificially boost their capital ratios, arguing that the Fed should suspend dividends instead.
- Yahoo Finance
Low interest rates widen the gap between Main Street and Wall Street
Corporations win with low rates. What should the Fed do? Sheila Bair explores.
- Yahoo Finance
Save cash and reward shareholders: The case for stock dividends
Cash dividends and stock buybacks aren't the only ways companies can return wealth to shareholders.
- Yahoo Finance
The mystery behind the Fed’s refusal to suspend bank dividends
The $2.2 trillion stimulus bill recently passed by Congress sensibly restricts large companies getting help under that bill from distributing capital to shareholders or paying outsized executive compensation.
- Yahoo Finance
Bail out workers, not shareholders
Given the enormous challenges confronting many corporate sectors, it’s appropriate that shareholders, including executives, start giving back.
- Yahoo Finance
Coronavirus should not be an excuse to substantially loosen big bank rules
A note issued by Bank of America on Tuesday calls for a weakening of financial regulations across the board.
- Yahoo Finance
The Fed needs to bail out the real economy — not big banks
What we learned from the last crisis is that bank bailouts help banks, not the rest of us. If the Fed has to step in — and it will — it should provide help directly to the real economy.
- Yahoo Finance
Mike Bloomberg has done an about-face on Wall Street reform
Mike Bloomberg has proposed hiking taxes on wealthy investors, imposing a levy on financial transactions, and toughening financial regulations. It is a fine list. The problem: It is the polar opposite of his past positions.
- Yahoo Finance
Low-income Americans need more wealth — not more debt
Regulators are arguing over the right metrics to use in crediting banks with Community Reinvestment Act lending. But they are failing to ask a more fundamental question.
- Yahoo Finance
Why student loan forgiveness should target the graduates who need it most
As politicians engage in bidding wars over student debt, a more modest proposal suggests debt forgiveness of up to $10,000, which would wipe out debt for about 40% of borrowers.
- Yahoo Finance
Why banks shouldn’t blame the ‘repo rupture’ on regulation
Whenever there are unexpected problems in the financial markets, banks are quick to create the illusion of financial regulation as the culprit. In doing so, they divert attention from the real cause, which is all-too-often misbehavior on the part of the banks they represent.
- Yahoo Finance
Why the Fed is right to step in and finally make real-time payments happen
Payments are the lifeblood of any economy. Yet the current payment system is fraught with frictions and inefficiencies. The Fed wants to fix that.
