60 Minutes on Banking

March 20, 2009

Authored by: Robert Klingler

Over the last two weekends, 60 Minutes has aired two interviews that are directly relevant to community bankers.

On Sunday, March 15, 2009, Federal Reserve Chairman Ben Bernanke sat down with 60 Minutes for a rare interview.  Chairman Bernanke discusses the current financial condition of the country as well as the actions taken by the Federal Reserve to address those conditions. (Video: Part I, Part II)

On Sunday, March 8, 2009, FDIC Chairman Sheila Bair granted an interview with 60 Minutes. The story also looks at the FDIC’s actions when a bank is placed into receivership.  In the interview, Sheila Bair agreed with the Chairman Bernanke’s assessment that the system is unfair for smaller banks, and suggested size limitations on banks going forward. (Video)