At a Time of Needed Financial Overhaul, a Leadership Vacuum

by Jesse Eisinger
ProPublica, May 18, 2011, 3:10 p.m

After the worst crisis since the Great Depression, President Obama has unleashed an unusual force to regulate the financial system: a bunch of empty seats.

With Sheila C. Bair soon to leave her post at the Federal Deposit Insurance Corporation, the Obama administration will have five major bank regulatory positions either unfilled or staffed with acting directors.