Sheila Bair is the former Chairman of the FDIC (Federal Deposit Insurance Corporation). She has been covered and lauded everywhere from "The New Yorker" to "The Washington Post" to "The Wall Street Journal", and in 2008 and 2009 Forbes named her the second-most powerful woman in the world. Prior to assuming her post at the FDIC, Bair served as assistant secretary for financial institutions at the US Department of the Treasury and as senior vice president for government relations of the New York Stock Exchange.