Sheila Bair is widely acknowledged in government circles and the media as one of the first people to identify and accurately assess the subprime crisis. Appointed by George W. Bush as the chairperson of the Federal Deposit Insurance Corporation (FDIC) in 2006, she witnessed the origins of the financial crisis and, in 2008, became - along with Hank Paulson, Ben Bernanke, and Timothy Geithner-one of the key players invested in repairing the damage to our economy. Bull by the Horns is her remarkable and refreshingly honest account of that contentious time and the struggle for reform that followed and continues to this day.
A level-headed, pragmatic figure with a clear focus on serving the public good, Bair was often one of the few women in the room during heated discussions about the economy. Despite her years of experience and her determination to rein in the private banks and Wall Street, she frequently found herself at odds with Geithner. She is withering in her assessment of some of Wall Street's finest, and her narrative of Citibank's attempted takeover of Wachovia is a stinging indictment of how regulators and the banks worked against the public interest at times to serve their own needs.
Bair is steadfast in her belief that the American public needs to fully understand the crisis in order to bring it to an end. Critical of the bank bailouts and the Can. $29.99 lax regulation that led to the economic crash, she provides a sober analysis as well as a practical plan for how we should move forward. She helps clear away the myths and half truths about how we ran our economic engine into the ditch and tells us how we can help get our financial and regulatory systems back on track.
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Interesting but hyperbolic
- David F.
Wow! Bair Hates Geithner
I suppose I like hearing another point of view about the crisis. Sheila Bair really turned this into a Geithner bashing book
I think she could have been a little more realistic. The others that wrote about the subject admit they made mistakes and tried to describe situations, Mrs. Bair treats her opinions as the perfect and correct choices every time. She basically makes herself a hero that is the victim of a huge conspiracy.
Mrs. Bean reads it in a tone that I could really imagine Mrs. Bair using. She just sounds grouchy, but that could be the material.
I probably would just because of the subject, and then leave the theater mad at myself.
The first half seemed ok, but after about the 5th hour it turns into a Tim Geithner bash. I think she mentions him more than anyone else. If what she says is true then Geithner is a mastermind and one of the most powerful men in America, because he runs a huge conspiracy that controlled everyone and may have actually caused the Recession to benefit Citi.
- A. Perez