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As the financial markets roil, one of the critical factors weighing down the U.S. economy is the flood of home foreclosures. Thursday's crash underscores how difficult it will be for the economy to make significant strides while the housing market is still in tatters. Read more»

FDIC Chairwoman Sheila Bair speaksHonoree Sheila Bair speaks at the Leadership Conference on Civil Rights' Hubert H. Humphrey Civil Rights Award Dinner in 2009.

Outgoing Federal Deposit Insurance Corporation Chairwoman Sheila Bair's revealing exit interview by the New York Times has generated plenty of buzz. But while the interview provided a comprehensive look at Bair's role from 2006 to 2011, what caught our attention was her characterization of the foreclosure crisis. Read more»