Mr Cooper Group Inc fka COOP

[warcton]

<I'm sure Bair will still be able to put food on the table.>

Yeah, on the table in her million dollar home thanks to her mortgage from Bank of America.



"In testimony to Congress last month, Bair recounted her role in supporting federal assistance to Bank of America beginning in late 2008.

Beside the $45 billion in aid from the Troubled Asset Relief Program, or TARP, the FDIC board voted in January 2009 to guarantee more than $100 billion in risky assets held by the bank, she said. In exchange the FDIC was to receive $1 billion in preferred stock."


http://huffpostfund.org/stories/2010/01/fdic-chief-got-bank-america-loans-while-working-its-rescue#ixzz0dJII7xmH