Sheila Bair On Clawbacks, Bailout Battles With Geithner

Good discussion.

Bair and Geithner clashed over bailouts for long-term bondholders.

• Marketwatch Interview with Sheila Bair (4 minutes)

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[DailyBail]

WASHINGTON (MarketWatch) — Bank regulators on Tuesday approved regulations requiring more than 100 large financial institutions with more than $10 billion in assets to conduct annual stress tests to ensure they have enough capital in the event of a deep recession.

http://www.marketwatch.com/story/us-okays-stress-test-rules-for-100-banks-2012-10-09

Some quotes from Bair in here.

[DailyBail]

Here's the direct link to the podcast:

http://podcast.mktw.net/audio/20121009/mmm100912bonus/mmm100912bonus.mp3