FDIC's Bair says government can't maintain status quo

11/3/2009 | Reuters

Federal Deposit Insurance Corp. Chairwoman Sheila Bair said the government's intervention in financial markets, though necessary, has been challenging to her as a market advocate. She also said the government needs additional tools to keep financial institutions from becoming too big to fail. "The government has been going into places where we don't want to be," Bair said. "We simply cannot afford to maintain the status quo."

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