During her tenure as Chair of the Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011, Sheila Bair managed over 300 bank failures, including the collapse of Washington Mutual in September 2008, the largest bank failure in American history.Bair joins Forward Guidance to apply her vast experience to share insight on recent failures of Silicon Valley Bank, Signature Bank, and First Republic. Filmed the afternoon of May 18, 2023.____Today’s show is brought to you by VanEck. Go to https://vaneck.com/ForwardGuidanceto access VanEck's Income Investing Yield Monitor.____Follow @vaneck_us on Twitter, this episode's sponsor https://twitter.com/vaneck_usFollow Sheila Bair on Twitter https://twitter.com/SheilaBair2013Follow Jack Farley on Twitter https://twitter.com/JackFarley96Follow Forward Guidance on Twitter https://twitter.com/ForwardGuidanceFollow Blockworks on Twitter https://twitter.com/Blockworks_____Timestamps:(00:00) Introduction(06:37) Right Now, The Main Issue Is Interest Rate Risk(12:56) What Causes A Bank Run?(17:55) Are Bank Runs Faster In An Age of Mobile Banking?(21:55) Van Eck Ad(22:45) Money Market Funds and The Fed's Reverse Repo Facility Is Where A Lot Of Bank Money Is Going(25:33) Risk Of Further Big Bank Consolidation(29:51) Best Time To Shut Down A Bank Is Friday Night(31:10) Federal Reserve Lending To Insolvent Institutions Increases The FDIC's Cost To Resolve Failed Banks(32:53) How To Know When To Shut Down A Failing Bank(34:51) "I Was Surprised At The Biden Administration's Level Of Involvement"(37:12) The Systemic Risk Determination, Explained(42:56) 2018 Loosening Of Regulation of Regional Banks(47:35) Forcing Banks To Raise More Equity (i.e. sell stock)(49:31) The Federal Reserve's Role As Bank Regulator____Disclaimer: Nothing discussed on Forward Guidance should be considered as investment advice. Please always do your own research & speak to a financial advisor before thinking about, thinking about putting your money into these crazy markets.

Sheila Bair is the former chair of the FDIC where she was a central figure in decision making during the financial crisis in 2008. Preet and Bair discuss whether the defunct Silicon Valley Bank should have received a bailout from the government and why Bair believes the Federal Reserve should stop raising interest rates. Stay Tuned in Brief is presented by CAFE and the Vox Media Podcast Network. Please write to us with your thoughts and questions at letters@cafe.com, or leave a voicemail at 669-247-7338.References & Supplemental Materials: Sheila Bair, “US regulators are setting a dangerous precedent on Silicon Valley Bank,” Financial Times, 3/14/23 Sheila Bair, “Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself,” Simon & Schuster, 2008 Listen to the new season of Up Against The Mob with Elie Honig. To attend a live taping of Up Against The Mob with Preet Bharara and Elie Honig on Tuesday, March 21 at 6:00pm ET, RSVP here: cafe.com/liveFor analysis of recent legal news, try the CAFE Insider membership for just $1 for one month: cafe.com/insider. Check out other CAFE shows Now & Then and Up Against the Mob.  Learn more about your ad choices. Visit podcastchoices.com/adchoices

Citi U.S. Equity Strategist explains election risk. Rise of alternative investing on Wall Street. 'Trump rally' in the market. Capital requirements on banks and lending. Vision for publishing company through employee ownership. Cyber threats and financial news. Bank scrutiny and earnings announcements. Opportunities in infrastructure investment. Potential impact of a Trump win on the economy. Private equity's impact on book publishing. Job cuts and restructuring plans in various companies.

Sheila Bair, former chair of the US Federal Deposit Insurance Corporation and author of the Money Tales children's book series, discusses fostering financial literacy in children in today’s cashless society. She shares insightful strategies to teach kids about money and the importance of early education. Delving into personal anecdotes, Bair emphasizes smart spending and the repercussions of financial decisions. She also reflects on her experiences during the mortgage crisis and the necessity of open family discussions about money.

Former FDIC Chair Sheila Bair discusses the importance of teaching basic financial concepts to children, the impact of free money on market speculation and innovations, the current environment of higher interest rates, translating children's books into other languages, and the potential impact of the commercial real estate market on the banking industry.