Bair: FDIC-style bailout needed for very large banks
Sheila Bair, the chair of the Federal Deposit Insurance Corporation (FDIC), on Monday discussed the need to end too big to fail and plug gaps in the regulatory structure to protect consumers from unsuitable financial products and unscrupulous lenders.
In a speech delivered by to the Council of Institutional Investors spring meeting, Bair said: "We must never again ask taxpayers to bail out a large, failing financial firm."
She argued that the too big to fail problem exists because no viable
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