Saturday, November 14, 2009

FDIC's Bair: Bank Bailouts Were 'Not a Good Idea'

The Exchange from the Lehrer News Hours, November, 13, 2009

In an interview with Public Broadcasting System's Paul Solman, FDIC chairman Sheila Bair discusses lessons learned from the financial crisis, and looks back on the federal bailout of institutions deemed "too-big-to-fail," saying, "In retrospect, I think it was not a good idea."

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