Sheila Bair cashes out
Sheila Bair, who looted the FDIC in order to give a big payout to wealthy, uninsured depositors at IndyMac, and who recently did a stand-up comedy performance where she brought down the house saying that big banks "will not be too big to fail," is stepping down as head of the now depleted FDIC.
We have absolutely no doubt that Bair will go through the revolving door and find an excellent seven figure job on Wall Street (or six figures with equity) to reward her for her past service.
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