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Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Suze School with Sheila Bair

Suze Orman's Women & Money (And Everyone Smart Enough To Listen)

Suze Orman Media

Investing, Business

4.84.2K Ratings

🗓️ 19 March 2023

⏱️ 35 minutes

🧾️ Download transcript

Summary

For this Suze School episode, Suze sits down with former FDIC Chair, Sheila Bair.  They talk about the importance of having insured deposits, why SBV failed, the state of the economy, advice on staying secure during a recession and more.


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Transcript

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0:00.0

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0:05.7

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0:15.2

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0:24.4

You can also purchase these in a retirement account. So go to my alliance,

0:30.8

a-l-l-i-a-n-t dot com slash ultimate and check it out now.

0:39.3

Okay Susie, are you ready for today's podcast?

0:42.1

Oh you bet I am because I'm unstoppable.

1:00.8

March 19th, 2023. Welcome everybody to the Women in Money podcast as well as everybody smart enough

1:15.6

to listen. Today, Susie School is a very, very special Susie School because all of us including

1:24.0

me are going to be students today. Students of one of the most incredible women I have ever met

1:33.6

in my life. Her name is Sheila Bear. From 2006 to 2011, Chairman Bear, which she has

1:46.0

formally referred to, was the Chairman of the FDIC. And if you think about the years that she

1:55.1

was Chairman of the FDIC, which is the Federal Deposit Insurance Corporation, which is what

2:01.2

insures banks, which is what is freaking all of you out. Are you insured? Are you not insured? She

2:08.4

was in charge of it all. But it was more than just her being Chairman of the FDIC.

2:17.1

It was her really in 2006, informing everybody, be careful warning warning,

2:25.5

the subprime mortgages that are out there are absolutely going to get us all in trouble. But yet,

2:33.2

the powers that be didn't want to believe her. They didn't want to deal with the things that she

2:39.6

was talking about in then 2008 hit. And you all know the rest of the story. But what you probably

2:49.0

don't know is that because of Chairman Bear, regulations were put into effect that probably over all

2:59.1

these years saved the banking systems. She wanted regulators and banks. She wanted banks to have

3:07.0

stress tests. They modeled the trouble asset relief program that saved the United States after the

...

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