Saturday, October 13, 2012

KANSAN RECALLS ECONOMIC COLLAPSE

Sheila Bair, a native of Independence who became the 19th chairperson of the U.S. Federal Deposit Insurance Corporation, traces the recent (not-quite unprecedented) collapse of the United States’ economy in Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself.

Publishers Simon and Schuster write:

Sheila Bair is widely acknowledged in government circles and the media as one of the first people to identify and accurately assess the subprime crisis. Appointed by George W. Bush as the chairman of the Federal Deposit Insurance Corporation (FDIC) in 2006, she witnessed the origins of the financial crisis and in 2008 became—along with Hank Paulson, Ben Bernanke, and Timothy Geithner—one of the key players trying to repair the damage to our economy. Bull by the Horns is her remarkable and refreshingly honest account of that contentious time and the struggle for reform that followed and continues to this day.

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