And to think, at one point Sheila Bair was in the running for Treasury Sec

If I remember correctly, the betting odds had former FDIC chairman Sheila Bair as 2nd or 3rd most likely for Geithner’s job.

She rails against the Fed, QE and the rich in this epic column from Friday.

Author: Adam Button

Adam Button is the managing editor of ForexLive™. He was previously the chief currency strategist at XForex and has also worked with Intermarket Strategy. Adam believes there's an edge in knowing every tidbit of news. He was formerly the head of the markets team at the Canadian Economic Press and is a graduate of Ryerson University. Adam lives in Montreal, follow him on Twitter: @FX_Button.

7 Comments

  1. Adam, Your every word is against euro!? Why?

  2. She’s gonna end up in a prison camp in Siberia haha

  3. Dear Mr Button,
    The way I see it is that this article should be taken on a sarcastical note. Actual physical production and economical creation are seriously undermined by a system that is dangerously disassociated from the reality of economical production.
    The virtual market needs some serious regulating. Unfortunately, we need to wait till a non hypocritical political will is formed in order to do that. Let’s hope that this will happen soon.
    Thank you so much for the effort you put in sharing with us on this site.
    Sincerly,
    Michel Younes.

  4. Thanks Michel, it’s an interesting article.

  5. that is the funniest thing ive seen in ages! sign me up for the 10 :)

  6. Spot on article, I would of hoped she gotten the position. We keep plugging in money to the banking sector when it doesn’t affect every day life and isn’t where the ‘real’ money is being produced. All it does is protect the investment industry, so big banks can make big profits producing nothing. Back to the posting about the IMF contribution from the USA earlier, with banks sitting on heaping amounts of cash, if they want to keep their system alive let them give money to the IMF, not the government. Let it collapse and it will be hell for a few years, but eventually everyone will be better for it.

  7. This article was surely written “tongue in cheek,” but Sheila Bair’s point is well taken. Doesn’t matter if you identify with the so-called 1% or the so-called 99%, if you earn money and pay taxes in the US then you need to be concerned about the manner in which the Fed has been assuming risk that ought to reside with the money center banks.

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