Is Sheila Bair a Hypocrite?

Sheila Bair, while serving as head of the Federal Deposit Insurance Corp., used to criticize the revolving door in which regulators moved from government to industry and back to government. Now she's going to sit on a bank's board.

Sheila Bair, the Federal Deposit Insurance Corp.'s chairman from 2006 to 2011, has been hired for a new gig as a board member at the Spanish lender Banco Santander SA. This seems to have gotten some people upset, even riled.

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