Hey, it’s “The Blogs Are Out of Control” Sheila again! She was going to take steps to fix them. She made Bloomberg today in any case:
"More banks will come on the list as credit problems worsen," FDIC Chairman Sheila Bair said;
"The results were pretty dismal, and we don't see a return to the high earnings levels of previous years any time soon,";
Lenders on the "problem list" had assets of $78.3 billion at the end of the second quarter, triple the $26.3 billion in the first quarter, the agency said.
Then there’s this, also from today:
"I do worry that some of the investors have taken short positions on the ABX," an index based on subprime-mortgage-backed securities, Ms. Bair said in an interview.
Ms. Bair, who was a leading figure in developing the mortgage-rescue plan, didn't identify specific investors who she believes are shorting the market. She said she had no evidence to back up her concern...
'Ms. Bair' is married to Scott Cooper. Feeling any better?