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Welcome to my new website!

Born and raised in Bryan, Ohio, I received my undergraduate degree from Miami University and law degree from The Ohio State University. An Ohioan through and through, I’ve spent my career practicing law in Milwaukee; serving in a senior position at the largest bank in Kentucky; serving as a board member and Chairman of the FDIC during the banking and thrift crises of the late 1970s through the early 1990s; founding and chairing a leading financial consulting firm from 1986 through 2012 before selling the firm and joining FTI Consulting. I have also served on various boards of directors and as Chairman of 5/3 Bancorporation.

In short, my entire career has been devoted to the financial services industry as a lawyer, consultant, executive, board member, and regulator. It’s been a career forged by my participation in three major financial crises: 1974-76, 1978-1992, and 2008-2010. I’ve dealt with literally thousands of troubled and failed financial institutions, and I’ve commented extensively on public policy issues through Congressional testimony and through hundreds of articles in leading publications, speeches, and television & radio appearances.

The government’s terrible mishandling of the financial crisis in 2008-2009 still angers me. I felt compelled to share my thoughts on the crisis in my book, “Senseless Panic: How Washington Failed America.” I began this website at that time to promote better understanding of how best to manage and regulate financial institutions in the hope that we will never again have to go through another financial panic, senseless or otherwise.

Please reach out to me should you have any questions or suggestions or need any help.

All the best, Bill

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A broken accounting system in need of repair by William Isaac and Thomas Vartanian published by The Hill on May 28, 2019
May 28, 2019
The Financial Accounting Standards Board (FASB) continues to forge ahead with its plan to require banks to forecast and book current expected credit losses (CECL) over the life of loans without even an offsetting credit for expected interest income. Bank regulators should not follow FASB down this dangerous path much as they did two decades ago. We are reminded of FASB’s ill-conceived mark-to-market accounting rules, which needlessly destroyed some $500 billion of bank capital in the U.S. alone and led to a global banking crisis and panic. As the saying goes: "Fool me once, shame on you; fool me twice, shame on me." CECL, as was the case with mark-to-market accounting, would be procyclical, meaning banks will be hit hardest in bad economic times when they can least afford it. It would also create a financial monoculture of risk that could deepen and prolong economic downturns when most banks’ balance sheets react the same way in a crisis. We don’t have to guess about the...
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Bill Isaac has an unparalleled career in the financial industry and public service, spanning 50 years. He served as Chairman of the FDIC during the crisis of the 1980’s and is today a leading commentator and consultant to financial institutions and governments.
Senseless panic: The book
“Bill Isaac has dedicated his life to the public policy arena. He thinks straight, and he talks straight. Washington must read Senseless panic to learn the lessons of the past and set the course for the future.”
– Lawrence Kudlow
Former Host of CNBC’s Kudlow Show, Currently Director of the National Economic Council
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