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HerMoney with Jean Chatzky

Ep 88: Financial Lessons From Former FDIC Chair And Powerhouse Sheila Bair

HerMoney with Jean Chatzky

Jean Chatzky Her Money

Investing, Entrepreneurship, Business

4.81.3K Ratings

🗓️ 13 December 2017

⏱️ 33 minutes

🧾️ Download transcript

Summary

Chair of the Federal Deposit Insurance Corporation from 2006 to 2011, Sheila Bair steered the agency through the worst financial crisis since the Great Depression and was the woman responsible for the successful safekeeping of $6 trillion of Americans’ savings. Her leadership earned her the nickname the “new sheriff of Wall Street.” We discuss the lessons all of us can take away from the last recession. In Mailbag, how to find a financial planner and remove a delinquency from your credit report. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

You're listening to an airwave media podcast. Her money is supported by Fidelity Investments. Together we're here to empower, educate, and

0:16.9

encourage women to start talking about money. Discover more at fidelity.com slash its time.

0:24.0

Her money comes to you through PRX. Hey everybody welcome to her money so here's something that I don't often get to say.

0:43.9

I am currently sitting across the table

0:47.1

from the woman who Forbes magazine deemed

0:50.0

the second most powerful woman in the world

0:53.6

twice not just once

0:55.6

but twice I am with Sheila bear

0:58.4

and if you don't recognize her by name then you will remember what she did for sure.

1:03.7

Sheila was the FDIC chair, chair of the Federal Deposit Insurance Corporation

1:08.6

from 2006 to 2011, which means she's the one who steered the agency through the worst

1:18.0

financial crisis since the Great Depression.

1:22.5

She was responsible for the safekeeping of $6 trillion

1:28.1

in American savings.

1:30.2

Her leadership earned her the JFK Library's Profiles Encourage Award,

1:36.0

her two-time title as the second most powerful woman in the world,

1:40.5

and nicknames like the new sheriff of Wall Street. I hope they gave you a gold star to go along with

1:47.6

that one. She currently serves on a number of corporate and FinTech boards while continuing her advocacy for common

1:56.9

sense policies to promote financial system stability and responsible lending practices and she's just a delight to talk to and I'm happy

2:06.2

that you're here.

2:07.2

Well, thanks. I'm really pleased to be here.

2:09.4

Yeah, so you have been in New York for a couple of days. You are here to spread the word about one of those

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