November 13, 2009 / 9:28 PM / in 8 years

FDIC's Bair questions bank capital injections

WASHINGTON, Nov 13 (Reuters) - Leading U.S. bank regulator Sheila Bair said on Friday that the government’s capital injections into the largest banks was “probably not a good thing.”

Bair, the chairman of the Federal Deposit Insurance Corp, said the billions of dollars of capital infusions last year had a terrible impact on public perception toward the financial industry and government regulators.

“I think at the time it sounded like the right thing to do and, again, it was part of an international effort, but I just see all the problems it’s created,” Bair said during an interview with PBS NewsHour. “I think we would have tried to dissuade Treasury from making these capital investments.” (Reporting by Karey Wutkowski,editing by Leslie Gevirtz)

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