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Former FDIC Chair Bair: Financial System Still ‘Not as Safe as It Should Be’

“Regulations introduced since the financial crisis of 2008-09 have improved the financial system, but not enough, says Sheila Bair, former chairwoman of the FDIC.

“There are new regulations that are substantial,” she tells Yahoo. “It’s safer, but it’s not as safe as it should be.”

Not surprisingly, then, Bair thinks the Dodd-Frank financial reform law, which celebrating its second anniversary this month, is helpful but leaves problems yet to solve.”

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