During the summer of 2011 Sheila Bair stepped down as chairman of the FDIC and set herself to work on a tell-all book on the financial crisis. Around the time of her departure, Joe Nocera of The New York Times captured her public reputation as someone who stood hard and fast against bailouts, writing that Bair “favored ‘market discipline’ … over bailouts, which she abhorred.”
6:31 PM 09/24/2012
Mitt Romney is hoping that he can defeat President Barack Obama by focusing on the weak economy. But can he? For the answer, we need to examine the linkage between economic cycles and election cycles.
