Interest increases in Bair
Forbes has named Sheila Bair America’s most powerful woman. Who is she?
Sheila Bair must be tempted to tell America: "I told you so." She is a woman few people have ever heard of, but who has just been listed at number two in the Forbes list of the World's 100 Most Powerful Women because she is the head of the Federal Deposit Insurance Corp (FDIC).
That means that she is in charge of the Washington agency which insures bank deposits, and so, ultimately, stands as the final guardian of Ordinary Joe's savings account in the Main Street bank.
This is suddenly considered such an important a job that Forbes, the financial magazine that loves to rank the rich and powerful, catapulted Bair into second spot - only one behind top-rated Angela Merkel, and way ahead of Condoleezza 
Posts
