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Interview with Sheila Bair

Friday, July 25, 2008

NBR correspondent Stephanie Dhue interviewed Sheila Bair, Chairman of the Federal Deposit Insurance Corporation (FDIC), earlier today. As some U.S. banks fail under the weight of bad subprime mortgages, the FDIC's ability to insure deposits in banks and thrift institutions has become a concern to Americans. This web exclusive video includes portions of the interview you did not get to see in the nightly broadcast.
Click to Read Transcript.
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External Links/Articles*

  • Federal Deposit Insurance Corporation (FDIC)
    The FDIC "protects the first $100,000 of deposits that are payable in the United States." Sheila Bair is the agency's current chairman.
  • FDIC - Failed Bank Information
    This links to information the FDIC website offers about IndyMac Bank, the California institution that failed in early July. The FDIC is currently acting as conservator of IndyMac.
  • Office of Thrift Supervision (OTS)
    The OTS is the division of the U.S. Department of Treasury that acts as "the primary federal regulator of federally-chartered and state-chartered savings associations, their subsidiaries, and their registered savings and loan holding companies." OTS is the agency that recently closed IndyMac Bank and transferred its operations to the FDIC.

    • *Clicking these external links will take you off the NBR web site on PBS.org. NBR has no affiliation with these sites.

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