Sheila Bair's last day at the F.D.I.C. was on Friday. There's a fine article/interview written by Joe Nocera in the NY Times Sunday Magazine—which she only agreed to under the stipulation that it wouldn't be published until she had finished her term. Nothing earth-shattering to those who have been paying any attention at all, just another reminder of who has the upper hand, and who, when push comes to shove, the Treasury and Fed are looking out for.
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