Our financial system and economy are in a mess thanks largely to failed government policies and a dysfunctional regulatory system.  Senseless Panic offers a common sense path to recovery.

“We cannot solve problems with the same thinking we used when we created them.”

— Albert Einstein

Buy Now

Read Reviews

image description


in leading business publications
Fannie-Freddie Lawsuit Should Matter to the Masses by Joseph Colangelo, published by American Banker on September 4, 2015

Most people are aware of the ongoing legal battle waged by Fannie Mae and Freddie Mac shareholders against the U.S. government. But the lawsuit also has broader implications for consumers that have thus far gone unacknowledged. In the midst of the housing crisis, the two government-sponsored enterprises were placed into conservatorship under terms outlined in […]

Posted: Sep 7, 2015
ASSET PRICES ADJUSTING AS PREDICTED!!! by Bill Dunkelberg, Chief Economist, National Federation of Independent Business

WHEN WILL THIS BUBBLE BURST?                     National Federation of Independent Business American consumers have about $14 trillion in debt and a net worth of over $80 trillion according to the Federal Reserve. Net worth is the sum of the values of all assets, real and financial, […]

Posted: Aug 25, 2015
Just Do It, Janet: Time for a Fed Rate Hike by Richard M. Kovacevich

Why must we continue to read, listen, and converse about when the Federal Reserve will increase the Fed funds rate to an infinitesimal one-quarter of one percentage point? Just do it and get it over with. A review of Federal Reserve’s unconventional monetary policies shows that few of the central bank’s recent actions have achieved […]

Posted: Aug 16, 2015
Zero Hour: What the Fed’s Next Move Could Mean for the Economy, OUTLOOK Economic Data and Commentary by Alex Pollock

[My friend Alex Pollock, resident fellow at the American Enterprise Institute, gave a very thoughtful and interesting interview on the Federal Reserve’s monetary policy strategies in recent years to Co Bank, a large cooperative bank serving the agricultural industry. I believe you will enjoy reading Pollock’s interview, and I highly recommend it to you. We […]

Posted: Aug 16, 2015
Don’t Forget the 1980’s by Alex J. Pollock

It should be a deeply sobering thought for Americans that the U.S. housing finance sector has collapsed twice in the last three decades. Of course, we know that there was the painful shriveling of the huge U.S. housing and mortgage bubble of the 2000s, but only twenty years before there was the mass failure of […]

Posted: Feb 27, 2015
View All Print


articles by William Isaac
Shelby’s Bill Is the Right Way Forward on Financial Reform by William M. Isaac published by American Banker on May 19, 2015

Community and regional banks across the United States are badly in need of regulatory relief. A bill proposed by Sen. Richard Shelby is poised to give it to them—but it is in need of one important change. The Senate Banking Committee is scheduled to take up Sen. Shelby’s Financial Regulatory Improvement Act of 2015 this […]

Posted: May 21, 2015
Let Fannie and Freddie Breathe, By William M. Isaac, Published by FTI Journal, May 11, 2015

The Inspector General for the Federal Housing Finance Agency (“FHFA”) recently reported that, due to a lack of capital reserves, Fannie Mae and Freddie Mac might need more government bailouts if housing markets decline. This problem is the result of a 2012 decision by the U.S. Department of the Treasury to sweep Fannie’s and Freddie’s profits into the federal […]

Posted: May 11, 2015
Choking Off Native American Economic Development, By William M. Isaac, Published by Law360, New York, April 10, 2015

I was intrigued when I first heard of a government program called Operation Choke Point and the concept behind it. According to the federal government, the operation was intended to keep illegal or fraudulent entities out of our banking system —– an important mission that could help protect consumers and businesses alike. Unfortunately, multiple congressional […]

Posted: Apr 16, 2015
How the Fannie and Freddie Conservatorship Has Undermined the Resolution Process By William Isaac and Senator Bob Kerrey

Preface Seven years after the crisis that rocked the global financial system, we are still rebuilding and redesigning its structure and rules – and probably will be for years to come. As policymakers engage in this process, laws enacted to address the crisis must be faithfully executed or formally amended. Otherwise, the government would introduce […]

Posted: Apr 6, 2015
FANNIE AND FREDDIE MAY NEED MORE BAILOUTS By William M. Isaac Published by Wall Street Journal, APRIL 1, 2015

The Inspector General for the Federal Housing Finance Agency (FHFA) recently reported that Fannie Mae and Freddie Mac might need more government bailouts if housing markets decline. The problem: lack of capital reserves to serve as a buffer against future losses. The FHFA’s warning wasn’t the first. Last month on an earnings call, Fannie Mae […]

Posted: Apr 2, 2015
View All Works