Word: sheila
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Dates: during 2000-2009
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...widow who in 1934 was the first American to get her little pile of savings back from the feds after a terrifying run on her local Fon du Lac State Bank. Now, almost 75 years later, the FDIC has been busy projecting a newer face, and it belongs to Sheila Bair, a 54-year-old lawyer from Kansas...
...interest bearing accounts and guarantee roughly $1.4 trillion in new unsecured bank debt has caused a rush of selling of the bonds of Fannie and Freddie. That's because the FDIC's move makes bank debt more attractive at a time when traders are looking for safety. Sheila Bair, the head of the FDIC, was initially against backing this new bank debt, but eventually went along with Federal Reserve Chairman Ben Bernanke and Treasury Secretary Henry Paulson...
...Monday, Treasury Secretary Henry Paulson, Federal Reserve Chairman Ben Bernanke and FDIC chairwoman Sheila Bair announced a widely expected effort to inject $250 billion in government funds into the troubled U.S. banking system. The goal: to get banks lending again and keep the economy from grinding to a halt. The funds will come out of the $700 billion bailout package already passed by Congress...
...will fail, but it is highly unlikely that depositors will lose their money. The FDIC now guarantees up to $250,000 in individual deposits at the banks it insures. And by law it gets its hands on a failed bank's assets before any other creditors do. FDIC chair Sheila Bair is eager to talk about how no insured depositor has ever lost a penny of his or her deposits...
...decades to come. In addition to Love, Lin, Vilkin, and Miranda, the other students elected were Kylie P. Stone ’09 of Adams House, Brieana P. B. Marticorena ’09 of Cabot House, Devin D. Smith ’09 of Currier House, Sheila C. Lee ’09 of Eliot House, Ricky B. Shah ’09 of Lowell House, Derek N. Jones ’09 of Mather House, Seema Amble of Quincy House, and Jeffrey Kwong ’09 of Winthrop House. —Staff writer Charles J. Wells...