Friday, February 22, 2013

Sheila Bair on Keeping Banks Honest


For more go to billmoyers.com Bill talks with financial expert Sheila Bair about the lawlessness of our banking system and the prognosis for meaningful reform. Bair was appointed in 2006 by President George W. Bush to chair the FDIC. During the 2008 meltdown, she argued that in some cases banks were NOT too big to fail — that instead of bailouts, they should be sold off to healthier competitors. Now a senior adviser to the Pew Charitable Trusts, Bair has organized a private group of financial experts including former Fed chairman Paul Volcker, former Senators Bill Bradley and Alan Simpson, and John Reed, once the chairman of Citicorp, to explore ways to prevent the banking industry from scuttling reforms created by the Dodd-Frank Act. “I worry that the public is getting cynical,” Bair tells Moyers. “One of the reasons I started the Systemic Risk Council is I feel the special interest lobbying is, in a calculated way, trying to slow down reform, complicate reform, water reform down. And the public loses interest — they become cynical about if the regulators in Washington can fix any of this, and they don’t exert counter political pressure to get meaningful reforms in place.” Bill Moyers is back! Check your local listings for air times: billmoyers.com
Video Rating: 5 / 5


Removing Red Tape: New Strategies for Strengthening the Safety Net In Collaboration with the Coalition for Access and Opportunity During the Great Recession, the safety net provided by public assistance programs lifted millions of families out of poverty. Others, however, fell through the cracks due to a dizzying and counterproductive maze of applications and eligibility requirements. Some state and local governments have identified new strategies to make their safety net programs more effective and efficient. By removing red tape and streamlining program administration and polices—from online applications to data matching—states have found that improving the ways programs are delivered also improves the experience of the families that are served. What lessons can we learn from these efforts that can remove barriers to benefit access and ease the strain on agencies’ administrative capacities at scale? Please join us as we explore the progress that has been made and the opportunities to build on these successes. Featured Speakers Aleta Sprague Policy Analyst, New America Foundation Dottie Rosenbaum Senior Policy Analyst, Center on Budget and Policy Priorities Vince Kilduff Deputy Executive Director, Office of Programs, Department of Human Resources, Family Investment Administration, State of Maryland Moderator Elizabeth Lower-Basch Policy Coordinator and Senior Policy Analyst, Center for Law and Social Policy newamerica.net


Sheila Bair on Keeping Banks Honest

No comments:

Post a Comment