"It has been a privilege and honor to serve as the head of this great agency during one of the most tumultuous times in the history of our nation's financial system, " Ms. Bair said in a resignation letter to President Barack Obama.
In October 1997, after Stancik released a scathing investigation on gangs, a furious Dr Crew accused him of sending "panic through the system" by "overplaying and dramatization" - and demanded his resignation.