Sheila Bair: Our modern Cassandra

The New Yorker has an interesting article on the head of the FCIC.

Sheila Bair and the White House financial debate

It says something disturbing about the culture in Washington. Here we have a woman who tried to prevent the Enron disaster (in 1993!) and who raised red flags about the subprime market in March of 2007.

Yet, she now finds herself on the outside as we toy with regulatory reform in financial services.