Sheila Bair
| Sheila Bair | |
|---|---|
| President of Washington College | |
|
Assumed office 2015 |
|
| Preceded by | Jack S. Griswold |
| Chair of the Federal Deposit Insurance Corporation | |
|
In office June 26, 2006 – July 8, 2011 |
|
| President |
George W. Bush Barack Obama |
| Preceded by | Martin Gruenberg (Acting) |
| Succeeded by | Martin Gruenberg |
| Assistant Secretary of the Treasury for Financial Institutions | |
|
In office July 2001 – June 2002 |
|
| President | George W. Bush |
| Preceded by | Gregory Baer |
| Succeeded by | Wayne Abernathy |
| Chair of the Commodity Futures Trading Commission Acting |
|
|
In office August 21, 1993 – December 21, 1993 |
|
| President | Bill Clinton |
| Preceded by | William Albrecht (Acting) |
| Succeeded by | Barbara Holum (Acting) |
| Personal details | |
| Born |
Sheila Colleen Bair April 3, 1954 Wichita, Kansas, U.S. |
| Political party | Republican |
| Spouse(s) | Scott Cooper |
| Children | 2 |
| Alma mater | University of Kansas, Lawrence |
Sheila Colleen Bair (born April 3, 1954) was the 19th Chair of the U.S. Federal Deposit Insurance Corporation (FDIC), during which time she assumed a prominent role in the government's response to the 2008 financial crisis. She was appointed to the post for a five-year term on June 26, 2006 by George W. Bush.
On August 1, 2015, she became the 28th president of Washington College in Chestertown, MD. Previously, Bair served as a member of the FDIC Board of Directors through July 8, 2011.
Bair is a native of Independence, Kansas. Her father, Albert, was a surgeon. Her mother, Clara, was a nurse and housewife. 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. In 1981, she was recruited by Senator Bob Dole, a Republican from her state, to serve as counsel on his staff in Washington.
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. 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 (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. 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.
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