Site for Free Markets and Free People

Saturday, January 10, 2009

FDIC Chair's Pandering Pays Off; Will Keep Job

Sheila Bair, head of the FDIC, has been singing from the Democrat playbook recently, arguing that the federal government needs to buy off any mortgage that consumers can't afford.

Apparently, her socialist mindset has paid off - it looks like Obama will keep her on in his new administration. Wonderful.

Btw, the rule of thumb, as always, is that if the media is gushing over a bureaucrat, that person is likely bad news for taxpayers.