Congress and the Bush administration are thinking about having the Federal Deposit Insurance Corp. guarantee insurance products.
“That might be a direction where our abilities would be expanded,” FDIC Chairman Sheila Barr said Wednesday at an international banking conference in Arlington, Va.
Bair declined further comment, as did the Treasury Department.
Bair made her comments in response to a question. It is not clear whether Bair was talking about guaranteeing life products, property-casualty products, or both types of insurance products.