Former FDIC head Sheila Bair: 'Covering up for Citigroup's problems' drove much of the bailout (VIDEO)

``Bair criticizes the way the bailout was handled by the Treasury Department. "A lot of this was being driven by covering up for Citigroup's problems." She goes on to say that the Treasury Department didn't implement harsher restrictions when it came to the bailout -- such as forcing banks to allow the government to restructure mortgages en masse -- because "they were afraid that if they put too many conditions or restrictions, the healthy banks wouldn't take [the bailout]. And they wanted to make it look like everybody was the same. ... They wanted everybody to take it so Citi didn't look like an outlier."''