Ask the FDIC’s Sheila Bair Your Questions


Sheila Bair; Chip Somodevilla/Getty Images

Paul Solman: We’re interviewing Sheila Bair, head of the Federal Deposit Insurance Corporation, this Friday. And she’s agreed to answer your questions as well as mine. Her answers will be posted here on the Business Desk in a special video.

So here’s a rare opportunity: to ask the person who guarantees your bank deposits anything you wish. I’d make suggestions, but they would probably be questions I’ll wind up actually asking myself. I therefore encourage you to come up with your own: on banking reforms, bailouts, you name it. It’s your money (as deposits) that she’s insuring, money that comes from insurance premiums the banks themselves pay. But since the government’s guarantee is iron-clad, if the FDIC runs out of money, it will be replenished. And that too will be your money, as a U.S. taxpayer. Be bold. Be creative. And remember, there are no stupid questions.

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