I did not know that before ‘The Blogs Are Out of Control’ Sheila became the FDIC Chairman, she wrote children’s books. Wow. Upon reflection, that probably makes it easier for her to make statements like she is still doing today:
“Given the change in economic conditions, we need to weight the more recent data more heavily,'' Bair says. “You also need a good dose of common sense.''
“We do have a handful with some significant challenges,'' she says. “Overall, banks are quite safe and sound.''
FDIC May Need $150 Billion Bailout .