“In January 2008, then-FDIC Chairwoman Sheila Bair faced criticism for being too strict on financial regulation. By October, her critics complained that she hadn’t done enough to fix the financial crisis.
Such is the plight of financial regulators these days but Bair, who now chairs the Systemic Risk Council, a private sector group focused on monitoring and encouraging regulatory reform of the U.S. financial industry, says that is no reason for the “timidity” she sees in the regulatory response to the crisis.”
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