10/09/2026
Few people understand the American banking system from the inside the way Sheila Bair does.
Bair is a Kansas native and the 2026 recipient of the Truman Medal for Economic Policy. She chaired the FDIC from 2006 to 2011 under Presidents George W. Bush and Barack Obama, and helped steer the nation’s banking system through the 2008 financial crisis.
This week, ahead of accepting the Medal in Kansas City, she joined KCUR 89.3’s Up to Date to talk about where she sees the financial system heading. She spoke about bank capital safeguards, risky lending in private credit, pressure on the Treasury market, and heavy concentration in the AI industry. Her concern is that many of the protections put in place after 2008 have eroded, and that the system is carrying more fragility than people realize.
Bair is also a New York Times best-selling author of financial education books for young readers. Her newest book, “How Not to Lose a Million Dollars,” came out this year.
🎧 Listen to the full conversation: https://www.kcur.org/podcast/up-to-date/2026-10-08/former-fdic-chair-says-u-s-is-slipping-backwards-on-financial-regulation-under-trump
Sheila Bair, a Kansas native who served as the chair of the FDIC from 2006-2011, is in Kansas City this week to accept the Truman Medal for Economic Policy from the Truman Library Institute. Bair said she is worried about the weakening of banking reforms, and sees a lot of risky lending happening ri...