Age, Biography and Wiki

Sheila Bair (Sheila Colleen Bair) was born on 3 April, 1954 in Wichita, Kansas, U.S., is an American academic and government official. Discover Sheila Bair's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is she in this year and how she spends money? Also learn how she earned most of networth at the age of 69 years old?

Popular As Sheila Colleen Bair
Occupation N/A
Age 69 years old
Zodiac Sign Aries
Born 3 April, 1954
Birthday 3 April
Birthplace Wichita, Kansas, U.S.
Nationality United States

We recommend you to check the complete list of Famous People born on 3 April. She is a member of famous academic with the age 69 years old group.

Sheila Bair Height, Weight & Measurements

At 69 years old, Sheila Bair height not available right now. We will update Sheila Bair's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.

Physical Status
Height Not Available
Weight Not Available
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Who Is Sheila Bair's Husband?

Her husband is Scott Cooper

Family
Parents Not Available
Husband Scott Cooper
Sibling Not Available
Children 2

Sheila Bair Net Worth

Her net worth has been growing significantly in 2023-2024. So, how much is Sheila Bair worth at the age of 69 years old? Sheila Bair’s income source is mostly from being a successful academic . She is from United States. We have estimated Sheila Bair's net worth, money, salary, income, and assets.

Net Worth in 2024 $1 Million - $5 Million
Salary in 2024 Under Review
Net Worth in 2023 Pending
Salary in 2023 Under Review
House Not Available
Cars Not Available
Source of Income academic

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Timeline

1954

Sheila Colleen Bair (born April 3, 1954) is an American former government official who was the 19th Chair of the U.S. Federal Deposit Insurance Corporation (FDIC) from 2006 to 2011, during which time she shortly after taking charge of the FDIC in June 2006 began warning of the potential systemic risks posed by the growing trend of subprime-mortgage-backed bonds, and then later assumed a prominent role in the government's response to the 2008 financial crisis.

1975

She received her bachelor's degree in philosophy from the University of Kansas in 1975, and worked as a bank teller for a brief period, before receiving a J.D. from the University of Kansas School of Law in 1978.

1981

In 1981, she was recruited by Senator Bob Dole, a Republican from her state, to serve as counsel on his staff in Washington.

1990

Bair also pursued a seat in the U.S. Congress (she lost the 1990 Republican nomination in the 5th Kansas district by 760 votes to Dick Nichols).

Bair began her career in the General Counsel's office of the former U.S. Department of Health, Education, and Welfare.

2001

She also served as Assistant Secretary for Financial Institutions at the U.S. Department of the Treasury (2001 to 2002), Senior Vice President for Government Relations of the New York Stock Exchange (1995 to 2000), a Commissioner and Acting Chair of the Commodity Futures Trading Commission (1991 to 1995), and Research Director, Deputy Counsel and Counsel to Kansas Republican Senate Majority Leader Bob Dole (1981 to 1988).

While an academic, Bair also served on the FDIC's Advisory Committee on Banking Policy.

2002

Prior to her appointment at the FDIC, Bair was the Dean's Professor of Financial Regulatory Policy for the Isenberg School of Management at the University of Massachusetts Amherst, a post she had held since 2002.

2006

She was appointed to the post for a five-year term on June 26, 2006, by George W. Bush through July 8, 2011.

Bair was appointed to the 19th Chair of the U.S. Federal Deposit Insurance Corporation (FDIC) on June 26, 2006, by George W. Bush.

Her books encourage savings and teach money basics: Rock, Brock and the Savings Shock (2006), Isabel's Car Wash (2008), Bullies of Wall Street (2015), Billy the Borrowing Blue Footed Booby (2021), Princess Persephone Loses the Castle (2021), Shark Scam (2022) and Princess Persephone Loses the Castle (2022).

Shortly after taking charge of the FDIC in June 2006, Bair began warning of the potential systemic risks posed by the growing trend of subprime-mortgage-backed bonds.

2007

In the spring of 2007 she met privately with industry executives, urging them to modify adjustable-rate mortgages rather than allow homes to go into foreclosure, which could set off a cascading effect throughout the economy.

In October 2007, Bair took her argument public with an op-ed in The New York Times.

Within the Bush administration, Bair's mortgage modification argument was initially at odds with the Treasury Secretary who believed such action would have little effect.

Bair also resisted many of the government bailouts of insolvent banks; rather she argued that the government should impose greater accountability by forcing those institutions to sell off bad assets, replace management and re-privatize them, more akin to how the FDIC handles smaller banks.

Bair argued that when companies are viewed as “too big to fail” it leads to reckless behavior because there is an implicit guarantee of government support.

2008

Bair assumed a prominent role in the government's response to the 2008 financial crisis, working alongside and sometimes publicly opposing Treasury Secretary Hank Paulson and Tim Geithner, then president of the New York Federal Reserve.

2010

She also helped shape the resulting Dodd–Frank Wall Street Reform and Consumer Protection Act of 2010.

2011

She left the FDIC on July 8, 2011, when her five-year term expired.

She became a senior advisor to The Pew Charitable Trusts in August 2011.

She is chair emerita of the Systemic Risk Council, a volunteer effort formed by the CFA Institute and the Pew Charitable Trusts to monitor and comment on regulation.

2012

Bair's book Bull by the Horns: Fighting to Save Main Street from Wall Street and Wall Street from Itself was published September 25, 2012.

The book was a New York Times and Wall Street Journal best seller.

Bair has also written several books for children in a series published by Albert Whitman called Money Tales.

2015

She was subsequently the 28th president of Washington College in Chestertown, MD, the first female head of the college in its 234-year history, a position she held from 2015 until her resignation in 2017.

Bair is a native of Independence, Kansas.

Born to a Lutheran christian family, her father Albert, who was of German descent, was a surgeon and her mother, Clara, was a nurse and housewife.

In May 2015, Bair was appointed president of Washington College, becoming the first female head of the college in its 234-year history.

During her tenure as president, Bair helped implement several debt-reducing programs aimed at making a degree more affordable, including “Fixedfor4,” which guarantees tuition costs will not rise for students during their four years at college, and “Dam the Debt,” which awards scholarships to graduating seniors to help pay off federal student loans.

2017

Bair resigned on June 30, 2017, citing the demands of the job and insufficient time with her family.

Since leaving government service, Bair has served on a number of corporate boards.

She is currently on the boards of Bunge Limited, Lion Electric, and Fannie Mae.

Bair previously was on the boards of Host Hotels & Resorts, the state-run Industrial and Commercial Bank of China (2017 to 2020), Thomson Reuters and Santander.

She was criticized for joining the board of Santander, a Spanish banking group, which critics viewed as inconsistent with her public views on the revolving door.

She has also served on a number of nonprofit boards, including as a founding director of the Volcker Alliance, the Center for Responsible Lending, the RAND Corporation, and the National Women's Law Center.

In 2021, Bair was appointed to a group advising the International Financial Reporting Standards Foundation (IFRS) on setting up the International Sustainability Standards Board (ISSB), which aims to create a set of global standards for firms reporting the impact of climate change.

Also in 2021, Ms. Bair was appointed a trustee of Economists for Peace and Security, a group of renowned economists and public servants concerned about issues of peace, conflict, war, and the world economy.

Bair is married to Scott P. Cooper and has two children, Preston and Colleen.

2020

In November 2020, Bair was named the first woman Chair of Fannie Mae's board of directors.