Items Tagged with 'Bair'

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  • Gruenberg Tapped to Be Next FDIC Chairman

    President Barack Obama announced last week that he will nominate Martin Gruenberg to become chairman of the Federal Deposit Insurance Corp (FDIC).   Gruenberg, who currently serves as vice chairman of the FDIC would replace Sheila Bair who's five-year term ends on July 8th.  Earlier this year, Bair announced that she did not intend to pursue a second term to lead the banking regulator. Tim Johnson (D, SD) chairman of the Senate Banking Committee expressed support for the nomination, and pledged to move it quickly through the committee. "I am confident that his intellect and years of experience in
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  • FDIC's Bair Pushes Loan Modification Program

    The U.S. can prevent 1.5 million foreclosures at a taxpayer cost of $24 billion, Federal Deposit Insurance Corp. chairman Sheila Bair said Tuesday in remarks before Congressional leaders, as she continued to push the FDIC's recent proposal for mass loan modifications for troubled borrowers.
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  • Could Covered Bonds Replace Securitization?

    Sheila Bair, chairman of the Federal Deposit Insurance Corp., said Monday that the U.S. bank regulator is pushing ahead with a plan to clear the way for a housing finance tool popular in Europe. Covered bonds are debt securities backed by cashflows from mortgages or public sector loans.
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