FDIC's Bair Gets Nod to Stay, Address Housing Mess

[babylonsister]

FDIC's Bair Gets Nod to Stay, Address Housing Mess
Kansas Republican Has Been Controversial Figure in Banking Crisis, Pushed Hard for Streamlined Method to Forestall Foreclosures

By DAMIAN PALETTA


WASHINGTON -- The Obama administration intends to keep Federal Deposit Insurance Corp. Chairman Sheila Bair in her post, extending the tenure of one of the government's most provocative and confrontational figures during the banking crisis.

Ms. Bair's term doesn't expire until 2011, but she has said she would step down if the Obama team wanted someone new to lead the agency. President George W. Bush nominated her in 2006.
Obama's Cabinet Takes Shape

With her retention, the Obama administration has largely put its faith in the team that has been shaping U.S. policy amid the financial crisis, including Ms. Bair, Federal Reserve Chairman Ben Bernanke and Treasury Secretary nominee Timothy Geithner. It also underscores the administration's desire to devote more resources to fixing the housing mess, a main focus for Ms. Bair.

"I do think that the FDIC and Sheila Bair have had the sense of urgency about the problem that I want to see," President-elect Barack Obama said Wednesday in an interview with CNBC.

more...

http://online.wsj.com/article/SB123134459497161095.html

[monmouth]

1. Let's see how long it takes for some here to find something wrong

with this retention....sigh

[RB TexLa]

2. I'm sure there are some Democrats who would like that post

[monmouth]

3. Congratulations...

[babylonsister]

6. You win a cookie for calling that.

I had no doubt...

[monmouth]

7. Pepperidge Farm "Nantucket"....Thanks sister...lol.

[eridani]

4. She was one of the people strenuously against deregulation

I heartily approve.

[monmouth]

5. Me too. She knows the job and how it should be worked. I don't care

where she was before....