In a major surprise to investors yesterday, the Federal Reserve announced a recommendation to leave the bond buying stimulus program intact. Joining The Takeaway to discuss the Fed's decision is Sheila Bair, the former chairwoman of the F.D.I.C. and author of "Bull By the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself."
Five years ago today, Lehman Brothers was in the midst of a multi-billion-dollar collapse, and the world was coming to grips with the new normal of the Great Recession. Sheila Bair, former FDIC chairman and author of Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street From Itself (now out in paperback), reflects on the state of the banking system today, and what comes next.
President Obama did not mention Wall Street or financial regulation during his State of the Union address, so what does that mean for banking regulation during the president's second term?
Money Talking host Charlie Herman, regular contributor Joe Nocera and guest Sheila Bair, the former chairman of the FDIC, tell us what they're reading this weekend.
30 Issues in 30 Days is our election year series on the important issues facing the country this election year. Today: A look at the current state of the financial sector, including big banks, borrowers and lenders and the housing market. Visit the 30 Issue home page for all the conversations.