Sheila Bair To Step Down

(Reuters) - Federal Deposit Insurance Corp Chairman Sheila Bair will leave the agency effective July 8, the FDIC announced on Monday.

Bair began her five-year term as chairman in June 2006.

The FDIC will hold a board meeting the first week of July, which will be Bair's last meeting at the agency.

• Sheila Bair archives
• Watch Sheila Bair's Shameless PSA: Skip Starbucks And Give More Money To The Banks

Comments

[DailyBail]

Christie Says He May Support Indiana Republican Daniels for U.S. President

http://www.bloomberg.com/news/2011-05-09/christie-says-he-may-support-indiana-republican-daniels-for-u-s-president.html

Anyone think Sheila will throw her hat in the ring...

[DailyBail]

Nothing Better to Do? Good Samaritan Asks Cops

http://www.courthousenews.com/2011/05/09/36414.htm

read this one...very short...

[DailyBail]

POMPANO BEACH, Fla. – It took 60 rescuers two hours to free a member of the Austrian Olympic swim team who was buried in sand up to his neck on Florida's Pompano Beach.

Authorities say the 19-year-old had spent much of Sunday digging a hole that was 7 feet deep and 6 feet across. The South Florida Sun Sentinel reports that at 7 p.m., the man, whose name was not released, jumped into the hole as a joke and sand collapsed around him.

Pompano Beach Fire-Rescue spokeswoman Sandra King says the man was in danger of being crushed by the pressure from the sand. He was freed about 9 p.m. and taken to a hospital. His condition was unknown.

http://news.yahoo.com/s/ap_travel/20110509/ap_tr_ge/us_travel_brief_buried_to_neck;_ylt=Ajo.SyzZ13_w2GC0QTvy9BxH2ocA;_ylu=X3oDMTNqYTFwMGYwBGFzc2V0A2FwX3RyYXZlbC8yMDExMDUwOS91c190cmF2ZWxfYnJpZWZfYnVyaWVkX3RvX25lY2sEY2NvZGUDZ21wZQRjcG9zAzIEcG9zAzIEc2VjA3luX3RvcF9zdG9yaWVzBHNsawNvbHltcGljc3dpbW0-

[DailyBail]

SAN FRANCISCO – Federal investigators say a man with a Yemeni passport who pounded on the cockpit door of an American Airlines flight as it approached San Francisco also had California identification.

Federal Bureau of Investigation spokeswoman Julie Sohn said Monday that 28-year-old Rageh Almurisi (rah-GAY al-moor-EE see) was from Vallejo, Calif., a city about 30 miles northeast of San Francisco.

http://news.yahoo.com/s/ap/20110509/ap_on_re_us/us_flight_disturbance

[john]

Monetary Authorites Lie? Perish The Thought!

http://market-ticker.org/akcs-www?post=185736

[john]

Fat Contracts Drift Toward Former Obama Official's Company -- Vendor Gets Yet Another Multi-Million-Dollar Award

http://www.tradeaidmonitor.com/2011/05/contracts-obama-official-vendor.html

[snip]

A nonprofit whose vice president is a former Obama administration official has secured a nearly $100 million government contract in Afghanistan, raising concerns with at least one former U.S. State Department insider.


Billion-Dollar Global Health Care Plan Unveiled

http://www.tradeaidmonitor.com/2011/04/billion-dollar-global-health-care-plan-unveiled.html

[snip]

A trio of additional healthcare projects of the Obama Administration are slated to be administered by a handful of private-sector vendors at a cost of nearly $1 billion—initiatives that contractors will carry out in Africa, Asia/Middle East and the Latin America/Caribbean regions.

[john]

Obama administration fights to save healthcare law

http://www.reuters.com/article/2011/05/10/us-usa-healthcare-idUSTRE7490TE20110510

Comment: Read my last post (10:57) regarding Billion Dollar Global Health Plan...

[DailyBail]

terrific links...thanks john...

[Doug Diggler]

It would have been good if Sheila Bair took her job seriously and forced insolvent Zombie Banks to close down and open their books so that all the world could see that "Too Big to Fail" really meant: Criminal fraudsters who manipulate whole markets.
Goldman Sachs, JPMorgan and others should have been taken down if she actually enforced the law

[Dr. Pitchfork]

Doug, plenty of blame to go around, but the FDIC is not the primary regulator of most of the megabanks and therefore doesn't have the power to shut them down without the decision having first been made by the OCC or the OTS or the Fed. This one here is the real bad boy: http://en.wikipedia.org/wiki/John_C._Dugan

[robertsgt40]

Maybe she's leaving because of her "deer in the headlights" look when Congress was grilling her.