Sheila Bair

Sheila Bair is a senior adviser to the Pew Charitable Trusts and chairs the Systemic Risk Council. She chaired the Federal Deposit Insurance Corporation from 2006 to 2011.

Recent Articles

Looking Forward to the Sequel

If we don’t alter the power distribution that led to the financial collapse, it will happen again.

(Illustration: Wesley Bedrosian)
(Illustration: Wesley Bedrosian) This book review appears in the Winter 2015 issue of The American Prospect magazine. Subscribe here . The Shifts and the Shocks: What We’ve Learned—and Have Still to Learn—From the Financial Crisis By Martin Wolf 466 pp. Penguin Press $35 M artin Wolf is one of the few people on the planet who can mingle with financial elites without being co-opted by them. Fans of his regular column in the Financial Times —and I am one—are familiar with the power of his writing, the clarity of his logic, and the independence and delightful unpredictability of his views. But Wolf fans beware: While his columns can be devoured as easily as a Thanksgiving pumpkin pie, his new book, The Shifts and the Shocks , tastes more like the side of brussels sprouts that Aunt Millie brought to the holiday dinner—obligatory to consume and good for you, but requiring a lot of chewing. This is dense and at times highly technical reading, laden with jargon only an Oxford economist could...