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“When Sheila Bair took over as head of the U.S. Federal Deposit Insurance Corp. in 2006, the agency was probably better known for the ‘FDIC’ logo on the doors of the nation’s banks than for anything it did. Now Bair is at the center of the financial crisis, speeding the takeover of failing banks and pressing the mortgage industry to ease loan terms . . . winning praise from Democrats and Republicans.” —BLOOMBERG NEWS, October 3, 2008 Sheila Bair is widely acknowledged in government circles and the media as one of the first people to identify and accurately assess the subprime crisis. Appointed by George W. Bush as the chairman of the Federal Deposit Insurance Corporation (FDIC) in 2006, she witnessed the origins of the financial crisis and in 2008 became—along with Hank Paulson, Ben Bernanke, and Timothy Geithner—one of the key players trying to repair the damage to our economy.



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Sheila Bair

Once named by Time Magazine as "the little guy's protector in chief," Ms. Bair is a passionate advocate for strong consumer protections in financial services and educating the public on financial basics, starting at an early age. She is the author of Albert Whitman's Money Tales picture book series, which includes Rock, Brock and the Savings Shock (2006) , Isabel's Car Wash (2008) . Princess Persephone Loses the Castle (2021) and Billy the Borrowing Blue-Footed Booby (2021) . She also authored a book about the financial crisis for young adults, Bullies of Wall Street (Simon & Schuster, 2015) . She has received awards from the Association of Educational Publishers (AEP) , the Council on Economic Education (CEE) , the JumpStart Coalition, and Institute for Financial Literacy for her educational writings. She serves on CNBC's Financial Wellness Advisory Council, providing televised perspectives on personal finance. Ms. has had a long and distinguished career in government, academia, and finance. She is perhaps best known as Chair of the Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011, when she steered the agency through the worst financial crisis since the Great Depression. For her leadership of the FDIC, she received the JFK Library's Profiles in Courage Award and was twice named by Forbes Magazine as the second most powerful woman in the world. A former finance professor and college president, Ms. Bair has been nationally recognized for her innovative initiatives to make college more accessible and affordable. She is a frequent commentator and op-ed contributor on financial regulation and the student debt crisis, well as author of Bull by the Horns (Simon & Schuster, 2012) her memoir of the financial crisis, which made the New York Times, Wall Street Journal, and Washington Post bestseller lists. She is a trustee of Economists for Peace and Security, a group composed of some of the world's most renowned economists and public servants dedicated to peace and world prosperity; a founding director of the Volcker Alliance, established by Former Federal Reserve Board Chair Paul Volcker to build trust in government, and the founding chair of the Systemic Risk Council, which monitors and advocates for reforms to promote financial stability. She also serves as a board member or advisor to a number of public companies. Watch this CNBC video and article about Sheila Bair's Money Tales series and her passion for helping kids and their parents learn money basics.https://www.cnbc.com/2021/09/18/how-to-raise-financially-healthy-kids.htmlWatch Sheila Bair talk with CNBC about the meaning of money. https://www.cnbc.com/video/2019/05/09/former-fdic-chair-sheila-bair-sees-money-as-a-means-to-an-end.html



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