Sheila Bair
The Guardian
What holds, and what fails, under pressure, standards and accountability.
Sheila Bair reads as The Guardian because her leadership treats protection of the vulnerable as the true test of institutional legitimacy. Her outrage at post-bailout bonuses and her plain-spoken wealth-building counsel come from the same conviction, that finance must answer to Main Street before it rewards elites.
“I did. Early 2000, yeah. Yeah, yeah. Yeah, I did. I established the Office of Financial Education and it's grown now. It's in the Treasurer's Office now. And I think they hold a group. It's called FLEC. And it's basically a council of all the different financial education components of the various different regulatory agencies.”
“Yeah, no, it's not. And the daily compounding is, you know, it racks up pretty quickly. I think for markets, financial markets and investing in particular, I've actually done pretty well over time.”
“Fixate on. Like, all right, I feel like. The toy, I'm good. I don't need to. Thing for the garage. Well, that's right. There's a chapter on buying a car, too. I just bought it by a used car. I didn't want to appreciate so fast. It's going to be second car. But this, I couldn't believe it. I mean, I knew this.”
“I was a college president. I've taught at university. I think it's a wonderful experience, but it's not for everybody, and you don't have to do it, and there's no stigma if you don't do it.”
Masters in Business: “Stopping Poor Financial Decisions with Former FDIC Chair Sheila Bair”
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