Banks Capture Their Regulator

Derivatives were a much part of the financial problems. Regulator Sheila Bair is urging lawmakers to allow banks to continue to play with derivatives. Sheila Bair is apparently a financial industry lobbyist pretending to regulate the industry. It is time to fire Sheila Bair.

Bair Warns Against New Curbs on Bank Trading
BY DAMIAN PALETTA
WASHINGTON—

Federal Deposit Insurance Corp. Chairman Sheila Bair has urged lawmakers to scrap a controversial Senate plan that would force banks to spin off their derivatives businesses, saying it could destabilize banks and drive risk into unregulated parts of the financial sector. ...