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Sheila Bair’s modest proposal

Sheila Bair was chairman of the Federal Deposit Insurance Corporation for a five-year term that expired last year. At the agency she was a power player with sharp elbows that she deployed to defend and extend the agency’s turf. Today RealClearPolitics features her Washington Post column “Fix income inequality with a $10 million loan for everyone.”

It’s an unusual column for a former agency ahead. Although it draws on her regulatory background, it is satirical rather than straightforward. It demonstrates a sense of humor. And it seems to be taking a swing at her former regulatory colleagues including Fed Chairman Ben Bernanke and his launches of the titanic QE. Or is it a gibe at President Obama and his OWS friends selling the Big Rock Candy Mountain to gullible voters. Or is this a twofer? I invite your interpretation.

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