According to The Wall Street Journal this afternoon:
The White House is expected to nominate Sheila Bair, who served as
an assistant Treasury secretary in the early years of the current
Bush administration, to be chairman of the Federal Deposit Insurance
Corp.
Bair, a professor of financial regulatory policy at the University
of Massachusetts-Amherst, would fill the position last held by
Donald Powell, who was named recently to oversee the Bush
administration's Hurricane Katrina reconstruction efforts. She did not
immediately
return a call seeking comment.
The new chairman will face
a number of important issues, including whether to approve deposit insurance
for Wal-Mart Stores Inc.'s pending industrial bank charter in Utah.
We've been through this "expected to nominate" drill before, haven't we? Let's wait for the actual announcement before we wildly speculate on Ms. Bair.
She's a fellow alum of the University of Kansas. Rock Chalk, Jay Hawk, KU! [Arms raised in imitation of wheat stalks waving in the wind] That immediately gets a chest bump from Bank Lawyer's Blog. Maybe a chest bump is politically incorrect. A high five then.
Now, if her "significant other" has managed not to enrage the gun lobby, Big Oil, or Haliburton, this nomination might possibly move forward.
("Hat Tip" to Peter Freeman for the "heads up" on this story)
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