FDIC's Bair says government can't maintain status quo
Federal Deposit Insurance Corp. Chairwoman Sheila Bair said the government's intervention into 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."
Reuters
| 11/2
This story published in SIFMA SmartBrief on 11/03/2009
Get stories like these delivered daily for FREE:
|
SIFMA SmartBrief
Designed specifically for investment bankers, broker-dealers, and mutual fund professionals, SIFMA SmartBrief is a FREE e-mail newsletter. By providing a summary of the day's most important securities news, SIFMA SmartBrief saves you time and keeps you smart. Sign up today to receive SIFMA SmartBrief, FREE of charge. Learn more |
|