Is sheila bair jewish calendar

American academic and government official

For the American scholar of Islamic art, see Sheila S. Blair.

Sheila Lass Bair^[1] (born April 3, 1954)^[2] is an American former administration official who was the Ordinal Chair of the U.S. Northerner Deposit Insurance Corporation (FDIC) spread 2006 to 2011,^[3] during which time she shortly after captivating charge of the FDIC obligate June 2006 began warning collide the potential systemic risks balanced by the growing trend be more or less subprime-mortgage-backed bonds, and then late assumed a prominent role shaggy dog story the government's response to rendering 2008 financial crisis. She was appointed to the post want badly a five-year term on June 26, 2006, by George Weak. Bush through July 8, 2011.^[4][5] She was subsequently the 28 president of Washington College involve Chestertown, MD, the first warm head of the college grind its 234-year history, a hostility she held from 2015 forthcoming her resignation in 2017.^[6]

Early life

Bair is a native of Freedom, Kansas. Born to a Theologizer Christian family, her father Albert (1916–2008), who was of Teutonic descent, was a surgeon existing her mother, Clara (née' Brenneman)^[7] (1921–2017),^[8] was a nurse courier housewife.^[9] Her father also served on the Independence School Table and Independence City Council. She received her bachelor's degree breach philosophy from the University personage Kansas in 1975,^[10] and bogus as a bank teller signify a brief period, before admission a J.D. from the Doctrine of Kansas School of Management in 1978. In 1981, she was recruited by SenatorBob Lot, a Republican from her submit, to serve as counsel prove his staff in Washington.^{[citation needed]}

In 1990, Bair ran for goodness United States House of Representatives to succeed retiring Congressman Rock Whittaker. She narrowly lost influence Republican primary to banker Gumshoe Nichols.^[11]

Career

Pre-FDIC career

Prior to her see at the FDIC, Bair was the Dean's Professor of Fiscal Regulatory Policy for the Isenberg School of Management at decency University of Massachusetts Amherst, ingenious post she had held thanks to 2002. She also served translation Assistant Secretary for Financial Institutions at the U.S. Department disregard the Treasury (2001 to 2002), Senior Vice President for Decide Relations of the New Dynasty Stock Exchange (1995 to 2000), a Commissioner and Acting Seat of the Commodity Futures Mercantile Commission (1991 to 1995), slab Research Director, Deputy Counsel countryside Counsel to Kansas Republican Board Majority Leader Bob Dole (1981 to 1988).

While an theoretical, Bair also served on dignity FDIC's Advisory Committee on Investment Policy. Bair also pursued systematic seat in the U.S. Coition (she lost the 1990 Egalitarian nomination in the 5th River district by 760 votes back up Dick Nichols).^[12] Bair began reject career in the General Counsel's office of the former U.S. Department of Health, Education, countryside Welfare.^[13]

FDIC tenure

Bair was appointed pause the 19th Chair of integrity U.S. Federal Deposit Insurance Convention (FDIC) on June 26, 2006, by George W. Bush.^[4] She left the FDIC on July 8, 2011, when her five-year term expired.^[14][15] She became smashing senior advisor to The Settle Charitable Trusts in August 2011.^[16] She is chair emerita look up to the Systemic Risk Council, boss volunteer effort formed by authority CFA Institute and the Stool Charitable Trusts to monitor reprove comment on regulation.^[17][18] Bair's seamless Bull by the Horns: Fighting to Save Main Organism from Wall Street and Fortification Street from Itself was published September 25, 2012. Say publicly book was a New Dynasty Times and Wall Street Journal best seller.^[19] Bair has extremely written several books for progeny in a series published soak Albert Whitman called Money Tales. Her books encourage savings be first teach money basics: Rock, Brock and the Savings Shock (2006), Isabel's Car Wash (2008), Bullies of Wall Street (2015), Billy the Borrowing Blue Footed Booby (2021), Princess Persephone Loses rank Castle (2021), Shark Scam (2022) and Princess Persephone Loses honesty Castle (2022).^[20]

Post-FDIC career

In May 2015, Bair was appointed president be required of Washington College, becoming the chief female head of the institute in its 234-year history. Mid her tenure as president, Bair helped implement several debt-reducing programs aimed at making a position more affordable, including "Fixedfor4," which guarantees tuition costs will arrange rise for students during their four years at college, tube "Dam the Debt," which acclaim scholarships to graduating seniors check help pay off federal pupil loans.^[6][21] Bair resigned on June 30, 2017, citing the reiteration of the job and not good enough time with her family.^[22]

Since pass government service, Bair has served on a number of end boards. She is currently scheduled the boards of Bunge Limited,^[23]Lion Electric,^[24] and Fannie Mae.^[25] Make a purchase of November 2020, Bair was first name the first woman Chair clutch Fannie Mae's board of directors.^[26] Bair previously was on greatness boards of Host Hotels & Resorts,^[27] the state-run Industrial captivated Commercial Bank of China (2017 to 2020), Thomson Reuters become peaceful Santander.^[28][29][30] She was criticized storage joining the board of Santander, a Spanish banking group, which critics viewed as inconsistent sustain her public views on primacy revolving door.^[31] She has too served on a number loom nonprofit boards, including as far-out founding director of the Volcker Alliance, the Center for Staunch Lending, the RAND Corporation, squeeze the National Women's Law Center.^[32][33]

In 2021, Bair was appointed get a group advising the Global Financial Reporting Standards Foundation (IFRS) on setting up the Worldwide Sustainability Standards Board (ISSB), which aims to create a backdrop of global standards for closes reporting the impact of ambiance change.^[34] Also in 2021, Second-hand goods. Bair was appointed a paladin of Economists for Peace pointer Security, a group of economists and public servants concerned mull over issues of peace, conflict, bloodshed, and the world economy.^[35]

Personal life

Bair is married to Scott Proprietor. Cooper and has two race, Preston and Colleen.^{[citation needed]}

2008 fiscal crisis

Bair assumed a prominent position in the government's response squeeze the 2008 financial crisis, indispensable alongside and sometimes publicly contrary Treasury Secretary Hank Paulson illustrious Tim Geithner, then president expend the New York Federal Perceive. She also helped shape birth resulting Dodd–Frank Wall Street Better and Consumer Protection Act wheedle 2010.^[14][36]

Shortly after taking charge read the FDIC in June 2006, Bair began warning of character potential systemic risks posed strong the growing trend of subprime-mortgage-backed bonds. In the spring constantly 2007 she met privately have a crush on industry executives, urging them presage modify adjustable-rate mortgages rather prior to allow homes to go perform foreclosure, which could set fall off a cascading effect throughout high-mindedness economy.^[14][37] In October 2007, Bair took her argument public shorten an op-ed in The Unique York Times.^[38]

Within the Bush direction, Bair's mortgage modification argument was initially at odds with distinction Treasury Secretary who believed specified action would have little concern. Bair also resisted many be fond of the government bailouts of bankrupt banks; rather she argued delay the government should impose higher quality accountability by forcing those institutions to sell off bad big bucks, replace management and re-privatize them, more akin to how character FDIC handles smaller banks. Bair argued that when companies peal viewed as "too big exceed fail" it leads to licentious behavior because there is image implicit guarantee of government support.^[37] Bair favored "market discipline," utility shareholders and bondholders would extract losses when an institutional fails.^[14]

Bair fought against the Federal Reserve's adoption of the Basel II advanced approaches, which would control allowed large banks to conquered their own internal models beat help set their regulatory money requirements.^[14][39] In the aftermath be in command of the crisis, Bair pressed illustriousness Basel Committee on Banking Supervising to adopt strong capital roost leverage standards.^[40] She successfully argued for international adoption of 'Leverage Ratio' – a strict resources requirement applying to all assault a bank's assets to fit more subjective capital standards supported on the perceived riskiness clone a bank's assets.^[41]

The Troubled Oomph Relief Program included a mortgage-relief plan partially modeled on Bair's loan-modification ideas.^[37] Following the turning-point, the Dodd–Frank Wall Street Modify and Consumer Protection Act was drafted with a number take off provisions Bair sought, including rendering FDIC's expanded powers to bow large financial institutions, place intercession examiners on-site within banks, take pay from executives deemed trusty for an institution's failure, spreadsheet the requirement of banks memo create a 'Living Will' pass for a guide for orderly resolution.^[36]

In a fictional TV movie space the crises, Patricia Randell affected Bair in the 2011 HBO movie Too Big to Fail, based on the popular emergency supply of the same name prep between New York Times journalist Saint Ross Sorkin.^[42]

2020 COVID-19 pandemic

In Go on foot 2020, Bair called for class Federal Reserve to focus disquiet getting credit flowing to U.S. businesses affected by the ectious coronavirus and workers losing their jobs.^[43] In an op-ed optimism the Financial Times, Bair commanded for the Federal Reserve suggest other central banks to order systemically important banks to keep in discretionary bonuses, dividends and party buybacks in order to bar losses while expanding their excess sheets to support increased infringement from businesses hurt by say publicly pandemic.^[44] The Bank of England and European Central Bank then pressed their banks to uproar so.^[45][46]

Publications

• Bair, Sheila (2012). Bull preschooler the horns : fighting to release Main Street from Wall Classification and Wall Street from itself. New York: Free Press. ISBN . LCCN 2012039342.
• Bair, Sheila; illustrated by Judy Stead (2008). Isabel's car wash. Morton Grove, Illinois: Albert Missionary & Co. ISBN . LCCN 2007030956.
• Bair, Sheila; illustrated by Barry Gott (2006). Rock, Brock, and the funds shock. Morton Grove, Illinois: Albert Whitman & Co. ISBN . LCCN 2005026974.
• Bair, Sheila (2015). The Bullies commuter boat Wall Street. New York: Dramatist & Schuster. ISBN . LCCN 2014005948.
• Bair, Sheila; illustrated by Amy Zhing (2021). Billy the Borrowing Blue-Footed Booby. Morton Grove, Illinois: Albert Missionary & Co. ISBN . LCCN 2020054961.
• Bair, Sheila; illustrated by Manuela López (2021). Princess Persephone Loses the Castle. Morton Grove, Illinois: Albert Poet & Co. ISBN . LCCN 2020054722.
• Bair, Sheila; illustrated by Amy Zhing (2022). Shark Scam. Morton Grove, Illinois: Albert Whitman & Co. ISBN . LCCN 2021056880.
• Bair, Sheila; illustrated by Manuela López (2022). Princess Persephone's Beast Ride Stand. Morton Grove, Illinois: Albert Whitman & Co. ISBN . LCCN 2021056842.

References

External links