Sheila Bair to lead private financial risk council, Paul Volcker & Brooksley Born also part of group

Categorized | STOP FORECLOSURE FRAUD

Sheila Bair to lead private financial risk council, Paul Volcker & Brooksley Born also part of group

Sheila Bair to lead private financial risk council, Paul Volcker & Brooksley Born also part of group

Now, we’re finally getting some place. Talk about a Power Team!

Reuters-

Sheila Bair, who helped steer the U.S. financial system through the recent credit crisis, is forming a new private-sector group called the Systemic Risk Council to try to accelerate reforms.

A former chairman of the Federal Deposit Insurance Corp, Bair will team up with former U.S. Federal Reserve Chairman Paul Volcker, former Commodity Futures Trading Commission Chairman Brooksley Born and other experts to advise current regulators about risks to financial markets.

“As evidenced by the 2008 crisis and even recent headlines, we need a more effective and efficient early-warning system to detect issues that jeopardize the functioning of U.S. financial markets before they disrupt credit flows to the real economy,” Bair said in a statement.

Bair left her FDIC post last year and now is a senior advisor to the Pew Charitable Trusts, which is helping to form the Systemic Risk Council.

During the 2007-2009 financial crisis, Bair was an outspoken critic of Wall Street executives and often clashed with other regulators who were more supportive of taxpayer bailouts of banks and other financial institutions.

[REUTERS]

image: NYT

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



Comments

comments

This post was written by:

- who has written 8607 posts on FORECLOSURE FRAUD | by DinSFLA.

CONTROL FRAUD | ‘If you don’t look; you don’t find, Wherever you look; you will find’ -William Black

Contact the author

Leave a Reply

GARY DUBIN LAW OFFICES FORECLOSURE DEFENSE HAWAII and CALIFORNIA
Advertise your business on StopForeclosureFraud.com
Kenneth Eric Trent, www.ForeclosureDestroyer.com

Archives