Fannie Mae adds former FDIC Chair Sheila Bair to board of directors

With the company seemingly moving closer to being returned to its pre-crisis state as a private company, Fannie Mae is bringing on some serious banking experience to help guide the GSE’s future. Fannie Mae announced Wednesday that Sheila Bair, the chair of the Federal Deposit Insurance Corp. during the financial crisis, is joining the GSE’s board of directors.