When FDIC Chairwoman Sheila Bair got word of Wachovia's situation, she decided to have the Comptroller of the Currency seize Wachovia's banking assets and place them under the receivership of the FDIC.
She decided to have the Comptroller of the Currency seize Wachovia's banking assets and place them under the receivership of the FDIC. FDIC Chairwoman Sheila Bair got word of Wachovia's situation.