In her last speech as Federal Deposit Insurance Corporation (FDIC) chair, Sheila Bair criticized government and financial industry leaders for supporting "short-term" policies that would overturn the 2010 financial regulations law. "In a world obsessed with instant gratification and lightening-round debates, we are in dire need of leadership, both public and private, that will champion patience and sacrifice now in return for a brighter and more stable future for us and our progeny," she said. She also talked about entitlement reform, tax code, and the future of the FDIC. Following her remarks, she responded to written questions from audience members.