Bank nationalization would “surprise” FDIC head
There have been a lot of shocking, never-before-seen events since the economy ran aground several months ago. On Thursday, there was another — the head of the FDIC responding seriously to a question about the potential for nationalizing banks.
Federal Deposit Insurance Corp. Chairman Sheila Bair said today said she would be “very surprised” if the government took over any large U.S. banks.
“I’d be very surprised if that happened,” Bair told reporters in New York, responding to a question about whether the agency would have to nationalize any large banks.
Wow.
Don Mecoy
Business Writer
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