Sheila Bair - Ready for the Job

If Tim Geithner does lose support from Republican U.S. Senators (many are already calling for his ouster) the person to replace him as U. S. Secretary of Treasury should be Sheila Bair, current chair of the FDIC.

Her clarity of vision on why we are in this Wall Street created economic quagmire and incredible articulation about how we get out is second to none.

I found her recent testimony to Congress a breadth of fresh air. She is saying look, we know how to clean up and regulate banks at FDIC, Congress gave us authority years go. What has been lacking is the political will to regulate non-banks. And so non-viable financial institutions like Citi Group are hanging around thanks to tax payers while viable banks - which also tend to be smaller - are at a competitive disadvantage.

There is no one in the federal government who is presenting the problem and the solution as clearly as Sheila Bair. She should be in-line to be Secreatary of Treasury and the way to get her in-line is for President Obama to appoint her to one of the deputy posts now vacant.