On AlterNet: bair

Stories, blog posts, and videos tagged as "bair"

Congress Should Force Big Banks to Stop Gambling With Our Money

Jane D'Arista, Gerald Epstein, AlterNet. May 10, 2010.

The derivatives business is straight gambling. Why do we let economically essential banks gamble with taxpayer money?

Behind the Scenes, GE’s Top Exec Confided Credit Woes

Jeff Gerth, ProPublica. February 8, 2010.

Hank Paulson's new book details a very different recollection of events that persuaded FDIC Chair Sheila Bair to help guarantee over $70 billion in GE debt.

FDIC Chief Got Bank of America Loans While Working on Its Rescue

Keith Epstein, David Heath, The Huffington Post Investigative Fund. January 21, 2010.

Sheila Bair was granted a retroactive ethics waver on two large BofA mortgages -- a "simple mistake," according to the FDIC.