Sheila Bair

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Sheila Colleen Bair served as the 19th Chairperson of the U.S. Federal Deposit Insurance Corporation. She was appointed to the post for a five-year term on June 26, 2006 by George W. Bush. Bair served as a member of the FDIC Board of Directors through July 8, 2011.

"And let's be honest about it. Hybrid ARMs were never made based on the assumption that the borrowers would be able to make the payment once the loan reset. They were designed as two or three year "bullets" ... with the assumption that home appreciation would allow the borrower to refinance at, or before, reset. Given current conditions in the housing market, this business model is no longer viable, which should come as no shock to anyone."

Born

Apr 3, 1954
Wichita

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Dean's Professor of Financial Regulatory Policy, Isenberg School of Management
(2002 - 2006)
Assistant Secretary for Financial Institutions, United States Department of the Treasury
(2001 - 2002)
Research Director, Deputy Counsel and Counsel to Kansas Republican Senate Majority Leader Robert Dole, United States Senate
(1981 - 1988)
Counsel to Senate Majority Leader Robert Dole, United States Senate
( - 1988)
Deputy Counsel to Senate Majority Leader Robert Dole, United States Senate
Research Director to Senate Majority Leader Robert Dole, United States Senate
(1981 - )

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on July 23, 2013

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"Sheila Bair." Biographies.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.biographies.net/people/en/sheila_c_bair>.