With Treasury Secretary Timothy Geithner on the way out of President Obama’s Cabinet, one of the names being mentioned is that of Republican and former Kansan Sheila Bair. “The former chairman of the Federal Deposit Insurance Corp. is a fearless, intelligent reformer who already knows how banking regulation works – and how it can be simplified and strengthened,” wrote Forbes contributor John Wasik. Because Wall Street would lobby against her, Wasik doubts Obama would nominate her or the Senate would go along if he did. But “Sheila Bair would not only be the new sheriff in town, she could help prevent a second round of what is the biggest swindle in human history. She’s one of the few people in Washington who could take the bull by the horns,” Wasik concluded.
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