Sheila Bair on Main Street vs. Wall Street
Pew senior adviser and former chair of the Federal Deposit Insurance Corporation Sheila Bair makes opening remarks prior to U.S. Treasury Secretary Jacob Lew's speech to the Pew Charitable Trusts December 5, 2013 in Washington, DC.
Alex Wong/Getty Images
Former FDIC chair Sheila Bair spoke recently about the lessons of the 2008-09 financial crisis and says the bailouts were far too generous, too uneven, and didn't impose enough pain and accountability.
Bair also said these factors create cynicism and establish the wrong incentives for investment and saving.
Sheila Bair spoke at the Hendrickson Institute for Ethical Leadership Forum at St. Mary's University of Minnesota.
• More: Sheila Bair on The Daily Circuit
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