MSIC 2023 Annual Report

IADI DINNER Wednesday, September 27, 2023

Introduction by Mike Hanson: Good evening and thanks for being here with us tonight. Our keynote speaker, Sheila Bair, has had a remarkable career as a dedicated and influential public servant. She is an attorney by training, she worked on Capitol Hill as the research director for a powerful United States senator, and she has served with distinction in a number of governmental agencies. But, of course, she is best known for being the Chair of the FDIC from 2006 to 2011, during the worst crisis since the Great Depression. She is also an educator, a former finance professor, and a college president. She is a robust and active consumer advocate, has always been an advocate for consumer protection in the financial services sector and for consumer financial education. Transcript of Sheila Bair Introduction and Speech

The best story I remember about Sheila during her tenure at the FDIC was an article in which the headline stated committed to “saving Main Street from Wall Street and saving Wall Street from itself.” And, of course, that’s exactly what she did. Working with her colleagues at the Treasury and the Fed, Sheila and her team delivered amazing and outstanding results for the entire global community. For all the pain and loss and suffering that crisis caused individuals and institutions throughout the world, we in this room, in this business, know that it could have been much, much worse. Sheila Bair is an outstanding example of true leadership and what a leader can accomplish in even the worst of situations. She’s an inspiration to all of us, and I am pleased to present our keynote speaker, the Honorable Sheila Bair.

2023 ANNUAL REPORT 1 1

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