With Sheila Bair out after five years, the authors of this piece in Forbes don't exactly call a spade a spade, but their message is unmistakeable nonetheless:
The legislation [Dodd-Frank] granted the FDIC additional powers, including the extraordinary power to liquidate systemically important non-bank institutions.
One nation, under the banks and for the banks, and anyone else large enough to give us a campaign contribution or a job when we leave office.
Working it, as ever.
