Center for Financial Stability

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Advisory Board

Sheila Bair
Advisory Board Member and Senior Fellow

Sheila Bair is a Member of the Center for Financial Stability (CFS) Advisory Board as well as senior fellow.

Ms. Bair has had a long and distinguished career in government, academia, and finance. Twice named by Forbes Magazine as the second most powerful woman in the world, she is perhaps best known as Chair of the Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011, when she steered the agency through the worst financial crisis since the Great Depression. For her efforts to protect bank depositors and homeowners during the crisis, she received the Kennedy Library’s Profiles in Courage Award, and was named “the little guy’s protector in chief” by Time Magazine.

A former finance professor and college president, Ms. Bair has been nationally recognized for her innovative initiatives to make college more accessible and affordable. She is a frequent commentator and op-ed contributor on financial regulation and the student debt crisis, as well as author of the NY Times Best Seller, Bull by the Horns, her 2012 memoir of the financial crisis.

Ms. Bair currently serves on a number of corporate governing boards, including Host Hotels, Bunge Ltd., and Fannie Mae, and on the International Advisory Board to the Santander Group. She also serves on the board of Paxos, a blockchain technology trust company, and as an advisor to several fintech startups. She is a founding director of the Volcker Alliance, established by Former Federal Reserve Board Chair Paul Volcker to build trust in government and is the founding chair of the Systemic Risk Council, which advocates for financial stability. In addition, she is a Senior Advisor to the Peter G. Peterson Foundation on financial issues confronting young people.

 

Publications by Sheila Bair

Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself

NEW YORK TIMES and THE WALL STREET JOURNAL BESTSELLER

The former FDIC chairwoman, and one of the first people to acknowledge the full risk of subprime loans, offers a unique perspective on the financial crisis.

Appointed by George W. Bush as the chairman of the Federal Deposit Insurance Corporation (FDIC) in 2006, Sheila Bair witnessed the origins of the financial crisis and in 2008 became—along with Hank Paulson, Ben Bernanke, and Timothy Geithner—one of the key public servants trying to repair the damage to the global economy. Bull by the Horns is her remarkable and refreshingly honest account of that contentious time and the struggle for reform that followed and continues to this day.

Recent Papers and Opinions by Sheila Bair

Overreliance on the Fed is Compromising the Future for Millennials”, CNBC, April 14, 2020

Force Global Banks to Suspend Bonuses and Payouts”, Financial Times, March 22, 2020

The Republican Case for Elizabeth Warren”, Wall Street Journal, January 30, 2020

Bank Bailouts Should Never Be Repeated”, Washington Post, May 23, 2019

Time to Change the Student Funding Model in the US”, Financial Times, March 14, 2019

The Shutdown Isn’t the Only Threat to the Economy”, New York Times, January 10, 2019

Congress Flirts with Disaster on Bank LeverageRatios”, Wall Street Journal, February 12, 2018

Why Would We Want to Increase the Cyber Risk to our Bank Data?”, Financial Times, October 9, 2017

To Boost the Economy, Help Students First”, New York Times, December 21, 2016

Paying for College Has to Be Easier Than This”, Wall Street Journal, August 1, 2016

The Real Reasons College Students Drop Out”, Fortune, March 7, 2016

Could Elizabeth Warren and Jeb Hensarling Cross Party Lines to Fix the Tax Code?”, Fortune, May 20, 2015

No More Bank Bailouts Cannot Be an Empty Slogan”, Financial Times, August 7, 2014

“Grand Old Parity”, New York Times, February 26, 2013

Fix IncomeInequality with $10 Million Loans for Everyone”, (humor) Washington Post, April 13, 2012

Short-Termism and the Risk of Another Financial Crisis”, Washington Post, July 8, 2011

 

Advisory Board

William R. Rhodes

Eduardo Aninat, Ph.D.

Sheila Bair

Senator Bill Bradley

Charles Goodhart, CBE, FBA

Henry Kaufman, Ph.D.

Barbara G. Novick

Guillermo Ortiz, Ph.D.

Judge Richard A. Posner

Richard L. Sandor, Ph.D., Dr. Sc.h.c.

Myron S. Scholes, Ph.D.

The Honorable Carole L. Brookins (2010-20)

Randal K. Quarles (2010-17)



Experts

Sheila Bair
Advisory Board Member and Senior Fellow

William A. Barnett
Director / Advances in Monetary and Financial Measurement

Bradley J. Bondi
Senior Fellow / Legal Studies

Kevin R. Brock
Senior Fellow / Cybersecurity Strategy

Alvin Chua
Senior Advisor

Stephen Dizard
Special Counselor

John D. Feldmann
Senior Fellow

Kate Flanagan
Senior Fellow / Consumer Finance

Peter Flocos, Esq. (Trustee)
Managing Director, Policy and Regulation

Patricia Wilson Fridley
Senior Advisor

Diane B. Glossman
Senior Fellow / Financial Institutions

Lawrence Goodman
President and Founder

Steve H. Hanke
Special Counselor

Steven Lofchie
Senior Fellow / Legal Studies

Robin L. Lumsdaine
Senior Fellow / International Finance

Jack Malvey
Special Counselor

David X Martin
Special Counselor

Ryan Scott Mattson
Research Associate

Nicholas Sargen
Senior Fellow / Global Markets and Investment Management

Charles Schott
Senior Advisor

Kurt Schuler
Senior Fellow / Financial History

Liting Su
Research Associate

Jeff van den Noort
Chief Technology Officer

Yubo Wang
Senior Fellow / Financial Markets