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Obama Expected To Keep Bair As Head Of FDIC

Law360 (January 7, 2009, 12:00 AM EST) -- As his cabinet continues to takes shape less than two weeks from his inauguration, President-elect Barack Obama is expected to keep U.S. Federal Deposit Insurance Corp. Chairwoman Sheila C. Bair in her post, Democratic officials said Wednesday.

Credited with a number of measures designed to restore confidence in the nation's banking system, Bair, a Republican whose term is set to expire in 2011, had said she would resign her post if the Obama administration asked her to, the Wall Street Journal reported Wednesday.

"Given the current...
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