FDIC Chairwoman Bair To Make Exit In July

Law360, New York (May 9, 2011, 7:58 PM EDT) -- Federal Deposit Insurance Corp. Chairwoman Sheila C. Bair, who steered the agency through the financial crisis and was among the first regulators to raise concerns over problematic mortgages, will leave her post in July, the agency announced Monday.

Bair, who was appointed to a five-year term as head of the FDIC in 2006 by former President George W. Bush, will preside over her final board in the first week of July, with her resignation effective July 8. She had been discussing her departure publicly for some...
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