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FDIC Gettin' It Done
October 06, 2008

Practical Solutions from Sheila Bair Chairman of FDIC

This is only the begining of our financial crisis, even so, we have an early hero to look towards for guidance and practical solutions: Sheila Bair, Chairman of the FDIC. Bair helped streamline the two major mergers that have come off successfully so far and as the Big Buck Bailout continues to grow and make it's way through congress, Bair has seen to her job of protecting banking customers in a low key conventional way.

The JP Morgan acquisitionof Washington Mutual and the recent Wells Fargo acquisition of Wachovia, are the true bright spots, thus far, of our governments efforts to get through this financial implosion. We have Sheila Bair to thank for these wins and I, for one, will be looking towards her for practical solutions as more high risk debt buries increasing numbers of large institutions.

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About the Author
Tom Michael has been Krause Publications primary market analyst on more than 80 world and United States coin catalogs produced over the last 20 years. He came to KP in 1987 with a bachelor of arts degree in history, a master of arts degree in economics and a history of coin collecting stretching back to the 1960s. He began collecting world coins as a child by asking friends and relatives to bring coins back from overseas trips, visiting flea markets and having his mother watch for foreign coins in her register at the local grocery store. Today he works with a dedicated base of over 200 contributors to provide accurate market values for the five-volume Standard Catalog of World Coins series, as well as many specialty catalogs, including Coins & Currency of the Middle East and the fifth edition of Unusual World Coins.

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