Bull by the Horns
Summary:
The book provides an insider's perspective on the 2008 financial crisis, detailing the author's tenure as the chairwoman of the Federal Deposit Insurance Corporation (FDIC) and her efforts to stabilize the banking system while advocating for consumer protections and accountability for big banks. It offers a critical view of the US government's response to the crisis, highlighting the challenges of regulatory reform and the struggle to implement policies that would prevent future economic disasters.
Key points:
1. Regulatory Reform: Bair stresses the need for stronger oversight to prevent risky behavior in finance, including better bank capital, clearer financial products, and eliminating regulatory loopholes.
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