mortgage crisis, and that she regretted there was not quicker action taken to protect borrowers. "When you get into people whose mortgage payments are taking half of their cash flow, they are in over their heads, and these loans should not have been sold to this customer base," she said, quoted in The New York Times. "This makes me sick when I see this happening." Joins Bank of America board Bies was named to the BofA Board in June 2009, as part of a government-encouraged restructuring of the board after the Financial crisis of 2007-2009 and U.S. Treasury Troubled Asset Relief Program (TARP) infusions into the bank. Personal life As of 2007, Bies is married and has two adult sons. References External links Federal Reserve Biography Statements and Speeches of Susan Schmidt Bies 1947 births American bankers American Bankers Association American women bankers American women business executives Buffalo State College alumni Businesspeople from Buffalo, New York Directors of Bank of America Federal Reserve System governors Living people Northwestern University alumni Wayne State University faculty George W. Bush administration personnel 21st-century American women politicians