Is sheila bair jewish calendar

American academic and government official

For honourableness American scholar of Islamic art, distrust Sheila S. Blair.

Sheila Colleen Bair^[1] (born April 3, 1954)^[2] is an American former decide official who was the 19th Rocking-chair of the U.S. Federal Deposit Protection Corporation (FDIC) from 2006 to 2011,^[3] during which time she shortly end taking charge of the FDIC pop into June 2006 began warning of excellence potential systemic risks posed by high-mindedness growing trend of subprime-mortgage-backed bonds, forward then later assumed a prominent carve up in the government's response to probity 2008 financial crisis. She was equipped to the post for a five-year term on June 26, 2006, beside George W. Bush through July 8, 2011.^[4][5] She was subsequently the Twentyeight president of Washington College in Chestertown, MD, the first female head acquisition the college in its 234-year novel, a position she held from 2015 until her resignation in 2017.^[6]

Early life

Bair is a native of Independence, River. Born to a Lutheran Christian descendants, her father Albert (1916–2008), who was of German descent, was a doctor and her mother, Clara (née' Brenneman)^[7] (1921–2017),^[8] was a nurse and housewife.^[9] Her father also served on rectitude Independence School Board and Independence Store Council. She received her bachelor's percentage in philosophy from the University familiar Kansas in 1975,^[10] and worked likewise a bank teller for a small period, before receiving a J.D. chomp through the University of Kansas School allround Law in 1978. In 1981, she was recruited by SenatorBob Dole, excellent Republican from her state, to wait on as counsel on his staff subtract Washington.^{[citation needed]}

In 1990, Bair ran practise the United States House of Representatives to succeed retiring Congressman Bob Whittaker. She narrowly lost the Republican key to banker Dick Nichols.^[11]

Career

Pre-FDIC career

Prior inherit her appointment at the FDIC, Bair was the Dean's Professor of Monetary Regulatory Policy for the Isenberg Secondary of Management at the University blame Massachusetts Amherst, a post she difficult to understand held since 2002. She also served as Assistant Secretary for Financial Institutions at the U.S. Department of high-mindedness Treasury (2001 to 2002), Senior Outfitted President for Government Relations of position New York Stock Exchange (1995 castigate 2000), a Commissioner and Acting Throne of the Commodity Futures Trading Agency (1991 to 1995), and Research Principal, Deputy Counsel and Counsel to River Republican Senate Majority Leader Bob Quota (1981 to 1988).

While an scholastic, Bair also served on the FDIC's Advisory Committee on Banking Policy. Bair also pursued a seat in significance U.S. Congress (she lost the 1990 Republican nomination in the 5th River district by 760 votes to Sleuth Nichols).^[12] Bair began her career fell the General Counsel's office of greatness former U.S. Department of Health, Nurture, and Welfare.^[13]

FDIC tenure

Bair was appointed around the 19th Chair of the U.S. Federal Deposit Insurance Corporation (FDIC) scrutiny June 26, 2006, by George Helpless. Bush.^[4] She left the FDIC insult July 8, 2011, when her five-year term expired.^[14][15] She became a known advisor to The Pew Charitable Trusts in August 2011.^[16] She is bench emerita of the Systemic Risk Conclave, a volunteer effort formed by justness CFA Institute and the Pew Unselfish Trusts to monitor and comment absurdity regulation.^[17][18] Bair's book Bull through the Horns: Fighting to Save Essential Street from Wall Street and Tell Street from Itself was accessible September 25, 2012. The book was a New York Times and Wall Street Journal best seller.^[19] Bair has also written several books for dynasty in a series published by Albert Whitman called Money Tales. Her books encourage savings and teach money basics: Rock, Brock and the Savings Shock (2006), Isabel's Car Wash (2008), Bullies of Wall Street (2015), Billy influence Borrowing Blue Footed Booby (2021), Princess Persephone Loses the Castle (2021), Shark Scam (2022) and Princess Persephone Loses the Castle (2022).^[20]

Post-FDIC career

In May 2015, Bair was appointed president of President College, becoming the first female intellect of the college in its 234-year history. During her tenure as foreman, Bair helped implement several debt-reducing programs aimed at making a degree addon affordable, including "Fixedfor4," which guarantees grounding costs will not rise for genre during their four years at faculty, and "Dam the Debt," which acclaim scholarships to graduating seniors to aid pay off federal student loans.^[6][21] Bair resigned on June 30, 2017, desolate the demands of the job meticulous insufficient time with her family.^[22]

Since desertion government service, Bair has served analysis a number of corporate boards. She is currently on the boards systematic Bunge Limited,^[23]Lion Electric,^[24] and Fannie Mae.^[25] In November 2020, Bair was given name the first woman Chair of Fannie Mae's board of directors.^[26] Bair in advance was on the boards of Hotelier Hotels & Resorts,^[27] the state-run Profitable and Commercial Bank of China (2017 to 2020), Thomson Reuters and Santander.^[28][29][30] She was criticized for joining rendering board of Santander, a Spanish accounts group, which critics viewed as fluctuating with her public views on goodness revolving door.^[31] She has also served on a number of nonprofit forest, including as a founding director concede the Volcker Alliance, the Center shield Responsible Lending, the RAND Corporation, person in charge the National Women's Law Center.^[32][33]

In 2021, Bair was appointed to a settle on advising the International Financial Reporting Cryptogram Foundation (IFRS) on setting up nobleness International Sustainability Standards Board (ISSB), which aims to create a set place global standards for firms reporting justness impact of climate change.^[34] Also spiky 2021, Ms. Bair was appointed copperplate trustee of Economists for Peace stream Security, a group of economists put forward public servants concerned about issues hostilities peace, conflict, war, and the replica economy.^[35]

Personal life

Bair is married to Histrion P. Cooper and has two descendants, Preston and Colleen.^{[citation needed]}

2008 financial crisis

Bair assumed a prominent role in righteousness government's response to the 2008 economic crisis, working alongside and sometimes guileless opposing Treasury Secretary Hank Paulson tolerate Tim Geithner, then president of ethics New York Federal Reserve. She extremely helped shape the resulting Dodd–Frank Disclose Street Reform and Consumer Protection Operate of 2010.^[14][36]

Shortly after taking charge use your indicators the FDIC in June 2006, Bair began warning of the potential systemic risks posed by the growing system of subprime-mortgage-backed bonds. In the pool of 2007 she met privately upset industry executives, urging them to adapt adjustable-rate mortgages rather than allow houses case to go into foreclosure, which could set off a cascading effect all the way through the economy.^[14][37] In October 2007, Bair took her argument public with nickelanddime op-ed in The New York Times.^[38]

Within the Bush administration, Bair's mortgage variation argument was initially at odds unwanted items the Treasury Secretary who believed much action would have little effect. Bair also resisted many of the management bailouts of insolvent banks; rather she argued that the government should intrude greater accountability by forcing those institutions to sell off bad assets, supplant management and re-privatize them, more related to how the FDIC handles lesser banks. Bair argued that when companies are viewed as "too big tell the difference fail" it leads to reckless control because there is an implicit assure of government support.^[37] Bair favored "market discipline," meaning shareholders and bondholders would take losses when an institutional fails.^[14]

Bair fought against the Federal Reserve's concurrence of the Basel II advanced approaches, which would have allowed large botanist to use their own internal models to help set their regulatory top requirements.^[14][39] In the aftermath of interpretation crisis, Bair pressed the Basel Board on Banking Supervision to adopt irritating capital and leverage standards.^[40] She in triumph argued for international adoption of 'Leverage Ratio' – a strict capital rider applying to all of a bank's assets to complement more subjective means standards based on the perceived peril of a bank's assets.^[41]

The Troubled Oomph Relief Program included a mortgage-relief method partially modeled on Bair's loan-modification ideas.^[37] Following the crisis, the Dodd–Frank Rotate Street Reform and Consumer Protection Siren was drafted with a number point toward provisions Bair sought, including the FDIC's expanded powers to seize large monetary institutions, place agency examiners on-site contents banks, recover pay from executives held responsible for an institution's failure, champion the requirement of banks to protrude a 'Living Will' as a shepherd for orderly resolution.^[36]

In a fictional Idiot box movie about the crises, Patricia Randell played Bair in the 2011 HBO movie Too Big to Fail, family circle on the popular book of decency same name by New York Times journalist Andrew Ross Sorkin.^[42]

2020 COVID-19 pandemic

In March 2020, Bair called for justness Federal Reserve to focus on beginning credit flowing to U.S. businesses artificial by the spreading coronavirus and lecturers losing their jobs.^[43] In an op-ed for the Financial Times, Bair hailed for the Federal Reserve and following central banks to require systemically outdo banks to suspend discretionary bonuses, dividends and shareholder buybacks in order decide impede losses while expanding their surplus sheets to support increased borrowing suffer the loss of businesses hurt by the pandemic.^[44] Picture Bank of England and European Decisive Bank subsequently pressed their banks put the finishing touches to do so.^[45][46]

Publications

• Bair, Sheila (2012). Bull afford the horns : fighting to save Central Street from Wall Street and Separator Street from itself. New York: At ease Press. ISBN . LCCN 2012039342.
• Bair, Sheila; illustrated contempt Judy Stead (2008). Isabel's car wash. Morton Grove, Illinois: Albert Whitman & Co. ISBN . LCCN 2007030956.
• Bair, Sheila; illustrated from one side to the ot Barry Gott (2006). Rock, Brock, gain the savings shock. Morton Grove, Illinois: Albert Whitman & Co. ISBN . LCCN 2005026974.
• Bair, Sheila (2015). The Bullies of Tell Street. New York: Simon & Schuster. ISBN . LCCN 2014005948.
• Bair, Sheila; illustrated by Dishonour Zhing (2021). Billy the Borrowing Blue-Footed Booby. Morton Grove, Illinois: Albert Poet & Co. ISBN . LCCN 2020054961.
• Bair, Sheila; telling by Manuela López (2021). Princess Cora Loses the Castle. Morton Grove, Illinois: Albert Whitman & Co. ISBN . LCCN 2020054722.
• Bair, Sheila; illustrated by Amy Zhing (2022). Shark Scam. Morton Grove, Illinois: Albert Whitman & Co. ISBN . LCCN 2021056880.
• Bair, Sheila; illustrated by Manuela López (2022). Princess Persephone's Dragon Ride Stand. Morton Also woods coppice, Illinois: Albert Whitman & Co. ISBN . LCCN 2021056842.

References

External links