Newly arrived at the FDIC in August 1981 as an economist in the FDIC's Division of Research.
Briefing President Bush on the condition of the bank insurance fund in November 1990. The meeting later turned into a heated debate over whether bank examiners were responsible for the “credit crunch.”
In photo from left clockwise are: myself, FDIC Vice Chairman Andrew C. Hove Jr., President George H. W. Bush, White House Chief of Staff John Sununu, Director of the Office of Management and Budget Richard Darman, Federal Reserve Director of Monetary Affairs Donald Kohn, Federal Reserve Director of Bank Supervision William Taylor, Comptroller of the Currency Robert Clarke, Senior Deputy to the Comptroller of the Currency J. Michael Shepherd, Assistant Secretary of the Treasury Jerome Powell. Also in attendance, but not visible in photo were: Federal Reserve Chairman Alan Greenspan, Secretary of the Treasury Nicholas Brady, Secretary of Commerce Robert Mosbacher, and Treasury official John Dugan.
With City Hall in the foreground, the PSFS Building-now a National Historical Landmark-continues ...
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