by Calculated Risk on 10/06/2008 03:28:00 PM

From the WSJ Real Time Economics: FDIC’s Bair: Wachovia Deal ‘Today’; Tougher Regulation Needed

Speaking Monday before the National Association for Business Economics, [Federal Deposit Insurance Corp. Chairman Sheila] Bair said the FDIC wasn’t driving the negotiations between Wachovia and its two suitors, Citigroup and Wells Fargo, though it is talking with all parties.
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“We’re all working together with regulators…to come at a solution and outcome that serves the public interest and I think we will have one today,” Bair said.