Another Regulator Through the Revolving Door

Deal Book: “Sheila C. Bair, a former head of the Federal Deposit Insurance Corporation who once argued that former regulators should be barred from joining the banks they oversaw, is joining the board of Banco Santander, the Spanish bank said on Monday.”

From her 2012 book, Bull by the Horns: “There should be a lifetime ban on regulators working for financial institutions they have regulated.”