Sheila Bair wants more power!!

Despite abusing her already excessive powers and destroying century old financial institutions such as Washington Mutual, Ms. Bair wants even more!

Public documents(OTS report) clearly show that Washington Mutual bank was well capitalized through the date of its seizure. However, in collusion with JP Morgan Chase - which was infact in deep finacial trouble with its derivative exposure - Ms. Bair seized the bank anyway, damaging our credit markets for a long long time.

Washington Mutual Inc., the holding company for WaMu is challenging this abuse of power through the legal system. This is bound to be damaging to FDIC and Ms. Bair's credibility. So guess what power she wants now?

You guessed it! Now she wants the power to `resolve' bank holding companies! So that no one can challenge her corrupt ways anymore. She believes that in the pretext of avoiding financial `melt down' the Congress will fall for anything.

I hope President Obama will remove this devious and manipulating dictator from office before she can do any more damage to our financial system or worse our constitution..