Tuesday, June 11, 2013

Sheila Bair Speaks Plainly About Our Financial System

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There once was an assistant to Senator Bob Dole (R-Kansas) who knew a lot about economics. She was so universally trusted she became the FDIC director for Pres. Obama. Now she's out of government (AFAIK) and I wish there were some good role for her. Read the link below and find out what she has to say about our current situation. If you think the Republicans are impeding President Obama's mild efforts at reform you will find it hilarious that she, a Republican, thinks it's only a tiny beginning to what we really need. She is capable of speaking in the highest gobbelty-gook, but this article by Sheila Bair on our financial system is very plain talk.

Update: I've been thinking about this and it seems a great spot for her, aside from the many advisory boards a President uses, is a tax reform panel. She could be a member or chair and delve into various tax reform possibilities using her knowledge of banking and how money flows into and around and out of the investment world. Most people think of how taxes affect individuals, small businesses, big corporations and government, but few think of the real economy & investment/finance world dichotomy. She can do that.

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