Act III. Towards a new balance: The shape of the new economic order
Sheila Bair, former Chairperson, Federal Deposit Insurance Corporation
Sheila C. Bair served as the 19th Chairman of the Federal Deposit Insurance Corporation for a five-year term, from June 2006 through July 2011.
Chairman Bair has an extensive background in banking and finance in a career that has taken her from Capitol Hill, to academia, to the highest levels of government. Before joining the FDIC in 2006, she was the Dean’s Professor of Financial Regulatory Policy for the Isenberg School of Management at the University of Massachusetts-Amherst since 2002.
Sheila Bair, the 19th Chairperson of the U.S. Federal Deposit Insurance Corporation (FDIC) believes the U.S. should focus its attention on manufacturing instead of trying to buoy up the deeply troubled housing and credit markets. "We need to start making more things that people will buy over seas," argues Bair.