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Former FDIC Head Sheila Bair: 'Covering Up for Citigroup's Problems' Drove Much of the Bailout

Business  (tags: bank bailouts, Sheila Bair, Elliott Spitzer, Citigroup, bailout, economy, scandals, Wall Street, QE3, bailout and hands slapped, little has changed )

- 1483 days ago -
Bair criticizes the way the bailout was handled by the Treasury Department. "A lot of this was being driven by covering up for Citigroup's problems."

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Past Member (0)
Saturday September 29, 2012, 4:49 am
She was fairly outspoken at the time, nobody listen (that is why we heard comments that she wasn't a team player).

JL A. (281)
Saturday September 29, 2012, 12:57 pm
Thanks Judy--the more we know about what happened the better we can craft solutions to prevent repeats.

Judy C. (102)
Saturday September 29, 2012, 4:24 pm
I remember that, John. The attitude toward Bair really tipped us off that she knew some things the wrongdoers didn't want to talk about. J.L., we need some prevention measures for sure. As it is, we're already potentially fuelling the next bubble and financial debacle.
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