Wednesday, June 6, 2012

"Sheila Bair Leads New Justice League Of Bank Regulation "

Meet the Justice League of bank regulation.

In a world ruled by powerful bankers, where politicians and regulators are compromised and weak, only a vigilante team of heroes with super-regulatory powers can keep us safe from rolling financial crises. Hopefully, at least.

This team, called the Systemic Risk Council, will be led by the financial world's Wonder Woman, Sheila Bair, former head of the Federal Deposit Insurance Corporation. Since the financial crisis, Bair has earned a reputation as one of the few bank regulators not completely captured by the industry. She has been less likely than most to fall on her fainting couch at the thought of breaking up the mega-banks, curbing banker pay or other taboo subjects....
If you can't quite place the writer, it's Mark Gongloff displaying a slightly looser style than the one he used on the WSJ's Heard on the Street and Ahead of the Tape columns.

Looser even than the one we saw at MarketBeat where he sometimes scared the bleacher bums by joining them somewhere out in left field.

Here's the rest of the Bair story, at the HuffPo.