Why is sheila bair leaving

View the discussion thread. About Contact Subscribe. Quick Takes. By Rick Seltzer. June 2, Opinions on Inside Higher Ed. Meanwhile, Obama has taken some heat for waiting nearly a year to nominate someone for the Office of the Comptroller of the Currency, which regulates the nation's largest banks. The OCC has been run since August by acting comptroller John Walsh, who has been widely criticized for being cozy with the industry.

Meanwhile, the Consumer Financial Protection Bureau, the centerpiece of the administration's efforts to reform the financial system, remains without a Senate-confirmed leader. House Democrats have called on Obama to install Elizabeth Warren, the Harvard professor who conceived of the bureau and has been working as a special adviser to get it going, during the next Senate recess.

The bureau officially launches later this month. Print Comment. While she has acknowledged the important role the two government-sponsored enterprises play in buying mortgages and selling them in securities to investors with an implied government guarantee, she has pushed for Congress to decide their permanent fate.

But what we cannot do is perpetuate their quasi-governmental status, which privatizes gains and socializes losses. After years of stalled legislation to reform Fannie and Freddie, the FHFA and the Treasury announced a suspension of the dividend payments while the companies are allowed to rebuild their capital reserves in preparation for exiting conservatorship administratively. Community Banking. Credit unions. Log In. Follow Us In Real Time twitter facebook linkedin. Tags GSEs Mortgages.

By Jon Prior CloseText. Culp did not immediately return a second request for comment after the email was obtained Thursday evening. Bair did not immediately respond to an email requesting comment.

Her lawyer, Raymond D. Cotton, declined comment. We have retired comments and introduced Letters to the Editor. Share your thoughts ». Expand comments Hide comments.

View the discussion thread. About Contact Subscribe. Questions on President's Future at Washington College.