Bair commentary: Washington could spark the next fiscal crisis

11/29/2010 | Washington Post, The

Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., warns that the government could be the source of the next financial crisis because federal debt has reached nearly $14 trillion. "This explosive growth in federal borrowing is a result of not just the financial crisis but also government unwillingness over many years to make the hard choices necessary to rein in our long-term structural deficit," Bair writes.

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Washington Post, The