2012-10-04ritholtz.com

``Another interesting aspect of "Bull by the Horns" is Bair's narrative of the shifting financial fortunes of the FDIC, both with respect to Congress and the media. The evolution of Bair's stature with the Congress, particularly Richard Shelby (R-AL) and Dodd, is instructive for those who believe in "efficiency" and regulatory consolidation. That FDIC did push back against the efforts by the Fed and other regulator to expand risk-taking by the largest zombie banks is one of Bair's great accomplishments.''


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