FDIC's Bair battles for agency's future

12/18/2009 | Wall Street Journal, The

Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., was praised for her foresight regarding the housing meltdown in the early days of the financial crisis. Bair is fighting a congressional proposal that would strip the FDIC of its supervisory power. Bair has been meeting with lawmakers to fend off the idea, and it appears her effort might be successful.

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