In the fall of 2007, when the U.S. economy first seemed in peril, I began answering reader queries here on the Business Desk. I still do so, but this page has expanded to include posts from eminent economists, "far-flung correspondents," and a variety of voices that have intriguing and/or useful things to say about economics, broadly defined. Please feel encouraged to respond to any and all of them.
Paul sat down with Bair this morning at FDIC headquarters in Washington, and his interview appears on Friday's NewsHour.
Bair also answered seven questions from NewsHour viewers -- on topics ranging from the power of the banking lobby and what to look for to judge a bank's health to lessons learned from other countries' banking rules and the changing role of the FDIC.
We were particularly interested to hear Bair's response to a reader question on what she'd do differently in hindsight. Her response: She wished she'd dissuaded Treasury from using federal bailout dollars to prop up big financial institutions with capital infusions last fall, not least because of the thorny issues raised by government ownership of these banks and the public outcry that ensued.