FDIC Head Sheila Bair To Speak Friday, March 27 at UMass Amherst’s Isenberg School of Management
March 24, 2009
| Contact: | Patrick J. Callahan 413/545-0444 |
AMHERST, Mass. – Sheila C. Bair, chairwoman of the Federal Deposit Insurance Corporation, will give a talk at the Isenberg School of Management on Friday, March 27 at 3:30 p.m. at the University of Massachusetts Amherst. The event, open to the public, will be held in the school’s Flavin Family Auditorium (Room 137).
Bair will discuss the mortgage crisis and its implications for financial regulatory policy. Bair has been on leave from the Isenberg School as a Professor of Regulatory Policy since joining the FDIC in June 2006.
Last July, Forbes magazine ranked Bair as the second most powerful woman in the world behind German Chancellor Angela Merkel. In November, Bair topped The Wall Street Journal’s roster of the year’s 50 Women to Watch. U.S. News & World Report has also named her as the nation’s 10th Top Market Mover.
Bair’s role in the current financial crisis has been far-reaching. In 2008, she oversaw the FDIC’s takeover of IndyMacBank and J.P. Morgan Chase’s acquisition of Washington Mutual, the largest failed bank in U.S. history. In October, she successfully lobbied Congress to temporarily raise the cap on FDIC-insured deposits from $100,000 to $250,000.
In Washington, Bair was an early critic of sub-prime mortgage lending practices and has been a staunch advocate of debt relief for victimized homeowners.
Video
Isenberg School Hosts FDIC's Sheila Bair
Sheila Bair, chairman of the Federal Deposit Insurance Corp., spoke to a crowd of more than 300 at the Isenberg School of Management at UMass Amherst. Bair is on leave from her post as an Isenberg School professor. She told the audience she sees some glimmers of hope that the nation's economy is beginning to improve.
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