From Thomas Brown at Bankstocks.com:

So Sheila Bair will hang around as head of the FDIC in the Obama administration. Ugh. I know, I know, Bair is hugely popular in certain circles in Washington, and never fails to get adoring press (most recently, as it happens, in the New Republic). But her let’s-stick-up-for-the-little-guy schtick doesn’t figure to do much to bolster the banking system she’s supposed to be protecting. Nor will it likely speed the healing of the financial system. More broadly, Bair isn’t exactly the profile in courage she’s often made out to be.

From Bankstocks.com:

Sheila Bair is the media’s favorite financial regulator. In fact, she is a disgrace. She didn’t do consumers any good when she took a powder on Wal-Mart’s banking application, or offered her small-dollar-loan plan. And she’s certainly not doing them any good when she pushes for uneconomic loan mods, which will only delay the inevitable. Worse, she’s not doing the banking system any good, either.