Sheila Bair, the former chair of the Federal Deposit Insurance Corporation, takes a look at the aftermath of the Great Recession with Michael Hirsh, chief correspondent with the National Journal.
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.
Michael Hirsh is chief correspondent for National Journal. Hirsh previously served as the senior editor and national economics correspondent for Newsweek, based in its Washington bureau. He was also Newsweek’s Washington web editor and authored a weekly column for Newsweek.com, “The World from Washington.” Earlier on, he was Newsweek’s foreign editor, guiding its award-winning coverage of the September 11 attacks and the war on terror. He has done on-the-ground reporting in Iraq, Afghanistan, and other places around the world, and served as the Tokyo-based Asia Bureau Chief for Institutional Investor from 1992 to 1994.
Hirsh has appeared many times as a commentator on Fox News, CNN, MSNBC, and National Public Radio. He has written for the Associated Press, The New York Times, The Washington Post, Foreign Affairs, Harper’s, and Washington Monthly, and authored two books, Capital Offense: How Washington’s Wise Men Turned America’s Future over to Wall Street and At War with Ourselves: Why America Is Squandering its Chance to Build a Better World. Hirsh has received numerous awards, including the Overseas Press Club award for best magazine reporting from abroad in 2001 and for Newsweek’s coverage of the war on terror, which also won a National Magazine Award.
Former Chair of the FDIC Sheila Bair laments the slow recovery points to fiscal policies that could be improved, including investment in infrastructure that would create jobs and reduce business operating costs.