News & Politics

Gunning for Bair

Sexism is behind the attacks on the FDIC chief.

I recently heard that Vogue was desperate to find women prominent in the colossal effort to fix the financial crisis to profile. Um, hello! FDIC Chairwoman Sheila Bair is arguably the most powerful woman in the world right now, a fact for which we should all be grateful. Universally regarded as the sole member of the Bush administration's crisis rescue team to have recognized early both the magnitude of the fraudulence in the mortgage business and the magnitude of the risk that fraud posed to the financial system, Bair has distinguished herself as not only our most populist regulator but, if a recent New Yorker profile is to be believed, our most intellectually curious and competent regulator as well.

But Bair apparently didn't fly with Vogue's photo department, and for reasons that seem equally inane and insulting, she's been kept out of the administration's financial-policy decisions as well.

The Treasury Department's recent white paper on financial reform seemed almost specifically designed to minimize Bair's role in future management of the crisis. (The New York Post called the FDIC the "biggest loser" under the proposed overhaul. Back in December, Treasury Secretary Timothy Geithner reportedly--though he denies it now--tried to have her ousted. Sources of mine also say he repeatedly leaves her out of decisions that affect her agency, ignores her ideas in meetings, and dispatches deputies and allies to smear her as a power-hungry "activist regulator"--The New Yorker even characterizes her as such, which is somewhat extraordinary in light of the considerable "activism" that has been pursued in this crisis--in the press.

Read more in The Big Money.

Tags: FDIC, sheila bair, Vogue

Maureen Tkacik is a freelance writer in New York City.

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The French Knight Polo Outlet

By: fasfdsf | Fri, 02/24/2012 - 03:25

The French Knight Polo Outlet leather company is a collection development, design, service and the integration of the international enterprises, Asia Pacific headquarters in Hongkong, leading Paul Knight leather full investment and quality monitoring during the entire process, the French Knight Paul leather company has expertise in a number of mold making, molding, surface finishing, leather goods business excellence engineering and technical personnel and a large number of advanced manufacturing equipment. Company to design, processing, production belt, wallets, handbags, luggage and other leather goods series of fashion products featured Spain, Australia, Italy high-grade leather as raw materials, fashionable, high quality, the products are exported to Southeast Asia and Europe and the United States, by the vast number of white-collar gens of the trust and support Dolce & Gabbana Outlet.