Sheila Bair: "Banks Still Have Too Much Leverage!"
From The Daily Bail
January 18, 2013 - 5:52pm
'We need a fresh start after Geithner.'
Sheila Bair with Bloomberg's Tom Keene on banks, excessive leverage, housing, shadow inventory and fresh thinking at Treasury with Geithner's replacement Jack Lew.
On the same day, Jan. 11, Bair spoke with Kathleen Hays.
Bair Says Bond Risk High Given Unprecedented Fed Easing
“We are really in uncharted territory,” Bair said in an interview on Bloomberg Radio’s “The Hays Advantage” with Kathleen Hays and Vonnie Quinn. “We had highly accommodative monetary policy leading into the subprime crisis, but nothing like near-zero interest rates for several years. You do create asset bubbles with this amount of liquidity and it’s difficult, it’s very difficult to get out.”
“You have a lot of investors that have been loading up in bonds. They all think that when the market starts to ...Continue reading this article »