PODCAST: Sheila Bair on Cyprus, Bloomberg's new ban
Federal Deposit Insurance Corporation Chairman Sheila Bair speaks during a symposium at the FDIC October 25, 2010 in Arlington, Va.
The eurozone crisis -- after several months of quiet -- roared back to life yesterday thanks to a bailout plan for the small island nation of Cyprus. The plan, which propsed up to a 10 percent tax on bank deposits, was designed to calm markets and quell investor worries, but it had quite the opposite effect. Sheila Bair, former chair of the U.S. Federal Deposit Insurance Corporation (FDIC), joins Marketplace Morning Report host Jeremy Hobson to discuss the Cypriot bailout plan and whether such a levy could ever happen to U.S. depositors.
Later this morning, the Supreme Court hears arguments in Mutual Pharmaceutical v. Bartlett, a case that could have big implications on the liability and availability of generic drugs in the U.S.
New York City Mayor Michael Bloomberg is proposing a ban on cigarette displays in stores. It’s the latest proposal aimed at making the Big Apple a little healthier, and it comes just a week after a judge struck down his proposed ban on the sale of some large sugary drinks.