She calls the Volcker Rule and Dodd-Frank a failure, and calls for a regime in which transactions should be Federally protected or not, and we "should return to Glass-Steagall in all its 32-page simplicity." The link:
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FDIC'S Bair: Not Volcker Rule, But Glass-Steagall Principle Needed
A column by former FDIC head Sheila Bair in Forbes and CNN Money, deceptively headlined "We need a new Volcker rule for banks," actually calls for the principle of Glass-Steagall. Bair calls the Volcker rule -- "a 300-page Rube Goldberg contraption" that has failed in separating depository commercial banking from speculation and gambling.
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