FDIC Chair Sheila Bair (Video After the Jump)

Before she appeared at the American Bankers Association annual convention today, Federal Deposit Insurance Corporation head Sheila Bair addressed protesters at the conference.

(Check out HuffPost's coverage of the protests here.)

Bair said she "strongly supports" the creation of a consumer financial protection agency, which would shield Americans from confusing credit card and mortgage offers. Bair also expressed regret that existing regulations hadn't done more to prevent the crisis.
Here's Bair:

"In looking at indecipherable credit card statements and documents, mortgages you can't understand and APRs from payday loans and high overdraft fees, I don't see how anyone can say we've done a good job protecting consumers from financial services."

Bair also added, "It's time to put an end to the 'too big to fail' doctrine... Yes, no more bailouts, no more bailouts!"

Read more at: http://www.huffingtonpost.com/2009/10/26/showdown-in-chicago-sheil_n_333969.html