Comments on: Sheila Bair not cowed by Geithner tantrum, criticizes Obama

By: Gregman2

Gregman2 — Fri, 07 Aug 2009 04:49:58 +0000

Bottom-up, baby. Micro-intelligence. That’s where regulators needs to spring from.

By: Yakubu

Yakubu — Wed, 05 Aug 2009 01:04:52 +0000

Sheila Bair is an out-of-control Republican narcissist who has undermined the Obama Administration at every turn, and has been busy this week leaking damaging information on Timothy Geithner. I hope Obama kicks her to the curb as soon as her current term at the FDIC is completed.

By: beezer

beezer — Tue, 04 Aug 2009 20:27:49 +0000

Bair has been a voice of common sense throughout this debacle. That she is honest in her response to legislative questioning is consistent for her.

That Geithner might blow a plug because she opposes the single regulator part is understandable as well. On the other hand she supports the consumer finance protection commission, as does Geithner.

I’m more in favor of the CFPC and hope another independent lady, Prof. Elizabeth Warren, gets that post.

By: David Bernier

David Bernier — Tue, 04 Aug 2009 20:24:17 +0000

I don’t know how the OCC is financed.
However, I hear that the Office of Thrift
Supervision (OTS) collects fees from each
regulated thrift. That was in an NPR
story of June 5.

I think it’s a big mistake for any regulator
to get paid by the regulated to regulate
them. I don’t think the OTS can be
taken too seriously.

David Bernier

By: Kathy Riley

Kathy Riley — Tue, 04 Aug 2009 18:24:59 +0000

Actually, the banks lobbied against any assessment rate and got their way.

By: Kathy Riley

Kathy Riley — Tue, 04 Aug 2009 18:23:34 +0000

The banks lobbied against paying the high assessment rates when everything was going well, and they won.

By: Carol Brown

Carol Brown — Tue, 04 Aug 2009 18:05:47 +0000

I would expect that the Secretary of the Treasury would have more respect for the office that he holds than to verbally berate and abuse colleagues with profanity.

Of course, we shouldn’t be surprised, since he had so much respect for the tax laws that he “accidentally” underpaid his taxes, and didn’t even have the integrity to insist on paying the penalties once he was caught.

Lack of respect and decorum seem to be prevalent throughout this administration, though – so why are we surprised???

By: James Alexander

James Alexander — Tue, 04 Aug 2009 17:48:28 +0000

About time, we have someone who understands (and admits) what the God Dam Problem has been–Thieves in the financials gambling with tax-payer money on “complicated derivitives”–same as a God Dam Ponzi scam !
Go Bair ! Go Cuomo !