Sheila Bair Fdic Bio Wiki Age Height Husband Books and Net Worth
Sheila Bair is a famous American former government official. She was the former chair of the U.S. Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011. She was the 28th president of Washington College in Chestertown, MD, and the first female head of the college in its 234-year history until 2017. In addition, Forbes ranked her as the second most powerful woman in the world behind German Chancellor Angela Merkel.
She was born in Wichita, Kansas, in theUnited Stateson April 3, 1954. Bair is 69 years old and celebrates her birthday every year on April 3.
She is a woman of average stature. Bair stands at a height of5 ft 6 in( approx. 1.68m ).
She was born in Wichita, Kansas, in the United States to hardworking parents. Bair holds American nationality and is from a Jewish family. She is the daughter ofClarawho was a nurse and housewife andAlbertwho was a surgeon.
She is married to her husbandScott P. Cooper. Scott is a lobbyist for a nonprofit organization that monitors industry standards. Bair and Scott are parents of two childrenPrestonandColleen.
Upon graduating with her high school diploma, Bair enrolled at the University of Kansas. She received her bachelor’s degree in philosophy in 1975 and served as a bank teller for a brief period. Bair attained her J.D. from the University of Kansas School of Law in 1978 and was recruited by Senator Bob Dole, to serve as counsel on his staff in Washington in 1981.
Bair was the 19th Chair of the U.S. Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011. During her tenure, she began warning of the potential systemic risks posed by the growing trend of subprime mortgage-backed bonds. She then received a prominent role in the government’s response to the 2008 financial crisis. Before Fdic, she was the Dean’s Professor of Financial Regulatory Policy at the University of Massachusetts Amherst.
She was also Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury from July 2001 to June 2002. She left her position as chair of Fdic on July 8, 2011. Bair was then appointed president of Washington College in May 2015. As the president, she helped implement several debt-reducing programs aimed at making a degree more affordable. In addition, she resigned on June 30, 2017, citing the demands of the job and insufficient time with her family.
She has published several books that include:
Bair appeared in the Financial Times where she said the collapse of FTX shows the danger of US agencies waiting for legislation to protect investors in November 2022. Thus, she stated that Crypto should be regulated with existing law.
After leaving her position as president of Washington College, she has worked on a number of corporate boards. She is currently on the boards of Fannie Mae, Bunge Limited, and Lion Electric. She was appointed as the first woman Chair of Fannie Mae’s board of directors in November 2020.
Bair appeared on a Cnn phone interview in May 2023, where she stated, “Stop trying to look so tough on inflation. It will backfire”. She continued and said that “Hitting pause doesn’t mean you’re giving up the fight. It just means you’re taking a breather and assessing what you’ve accomplished so far.”
Bair is a famous American former government official who has served in several offices and through her work, she has amassed decent fortune. Her net worth is$7 Million.
Bair is the founding chair of the Systemic Risk Council. The firm monitors and advocates for reforms to promote financial stability. She is also a founding board member of The Volcker Alliance, to build trust and promote high standards in government.
She is 69 years old born in Wichita, Kansas, in the United States on April 3, 1954.
Yes. She married her husband Scott P. Cooper who is a lobbyist for a nonprofit organization that monitors industry standards. Bair and Scott are parents of two children Preston and Colleen.
Twitter – @SheilaBair2013
