*** Named a Best Podcast By The New York Times, Time Magazine, Real Simple and MSNBC *** Host Farnoosh Torabi is an award-winning financial strategist, TV host and bestselling author. Her newest book is entitled A Healthy State of Panic. With over 30 million downloads, So Money is dedicated to sharing inspiring money strategies and stories straight from today's financial leaders, bestselling authors and entrepreneurs. One day, hear an intimate money conversation with industry greats like Queen Latifah, Barbara Corcoran or Margaret Cho. Another day learn the basics of cryptocurrency and its impact on our wallets. On Fridays, tune in as Farnoosh answers our most pressing financial questions about saving, investing and building wealth. Advice and insights always delivered through a lens of equity, inclusivity and the changing world we live in. Want more? Join the So Money Members Club at SoMoneyMembers.com. Hosted on Acast. See acast.com/privacy for more information.
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673: Sheila Bair, Former FDIC Chair
Sheila Bair is the former FDIC Chair and, at one point, was named Forbes 2nd most powerful woman in the world. Her agency was responsible for steering us through the financial crisis of 2008. She received numerous awards and recognition for her work during this time.
She's had a distinguished career in government, academia, as well as financial roles. Her work has been published in the New York Times, Wall Street Journal, Washington Post and countless other places.
During our show today, Sheila and I catch up because we were in touch during the crisis. I often would call her desk to learn about what was going on and get some updates or fact check for my reporting. She was always available for my questions. So, I jumped at the opportunity to interview her as we embark in a New Year. I got a chance to ask her what has history taught her as she looks to where the market is headed? How is the economy doing? Could we see a recurrence of the calamities of 2008 and 2009? Sheila tells me her newest obsession is retirement. She has partnered with robo advisor Blooom. It's a robo advisor for your 401(k). I want to know how does it work? How is it special? So, she gives us the details and also shares her personal financial stories - how she was raised as a middle class child, how she is raising her children from a financial standpoint, her money mindset, and so much more.
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