"No one on Wall Street has learned a lesson," notes Sheila Bair in the new paperback edition of her gutsy book, which details white-collar crime during the Great Financial Crisis and the banksters who got away with it.
Bair spoke at the Federal Reserve Bank of Philadelphia recently, and gave us an interview to discuss Bull by the Horns (Simon & Schuster, 2012) and her children's book, due out in 2014, about money and investing.
Bair butted heads with some other powerful regulators when she was head of the Federal Deposit Insurance Corp., particularly Treasury Secretaries Hank Paulson and Timothy Geithner. They were regulators who, she wrote, confused "what is best for large financial institutions with what is best for the broader public." She was against the bailout of American International Group Inc., for instance, which Paulson orchestrated.