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

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RECENT MEDIA COVERAGE

in leading business publications
THE AMERICAN BANKING SYSTEM MIGHT NOT LAST UNTIL MONDAY By Alex Pollock

[This article by Alex Pollock, Resident Fellow at the American Enterprise Institute, is absolutely must reading for those trying to make sense of what went wrong during the 2008-2009 financial crisis. As you read it, recall that government leaders proclaimed publicly during the crisis of 2008 that the financial system was facing “financial Armageddon” and […]

Posted: Aug 19, 2014
MEMORY AND FINANCIAL CYCLES By Alex J. Pollock

[Alex J. Pollock is a resident fellow at the American Enterprise Institute in Washington, DC. He was President and CEO of the Federal Home Loan Bank of Chicago 1991-2004. The article is well worth your time reading. A somewhat shorter version of the article was published recently in the Wall Street Journal.] Memories fade. It […]

Posted: Jul 16, 2014
Former FDIC Chief Answers The Question I Asked Bob Corker By Woody Woodruff of the Banking Law Connection, July 9, 2014

Nearly a year ago, I had the opportunity to have breakfast with Senate Banking Committee Ranking Minority Member, Sen. Bob Corker [R-TN]. OK . . . the imperative of full disclosure requires that I admit that I was merely one of about 150 people attending an industry group event in Nashville. Sen. Corker, home for […]

Posted: Jul 11, 2014
Fannie Mae, Freddie Mac Plan Botched: Ex-FDIC Chairman by Mani on Value Walk, July 8, 2014

If rule of law in Housing and Economic Recovery Act is not adhered to, future investment in banking institutions will be in jeopardy By defying and rewriting the terms of conservatorship, the U.S. government acts as a destabilizing force, notes William Isaac, former FDIC Chairman. In an article published in The Wall Street Journal, William […]

Posted: Jul 9, 2014
Fannie, Freddie conservatorship hurts investors, destabilizes mortgage market by Trey Garrison, July 7, 2014

In the pages of the Wall Street Journal on Sunday, the former head of the Federal Deposit Insurance Corp., William Isaac, takes the government to task on its virtual third-world, banana republic treatment of GSE investors. The FHFA as conservator is a fiduciary—or trustee—for the shareholders of Fannie and Freddie. Its job is to, as […]

Posted: Jul 9, 2014
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RECENT PUBLISHED WORK

articles by William Isaac
ISAAC DELIVERS KEYNOTE ADDRESS AT ANNUAL MEETING OF SHAREHOLDERS OF FEDERAL HOME LOAN BANK OF INDIANAPOLIS (August 27, 2014)

SOUND FINANCIAL REGULATION ESSENTIAL TO SUSTAINABLE ECONOMIC GROWTH: WE CAN ALL DO BETTER By William M. Isaac* I’m honored to be asked to address this annual meeting of the stakeholders of the Federal Home Loan Bank of Indianapolis.  I know you represent a broad array of financial institutions supporting housing needs and economic growth in […]

Posted: Aug 26, 2014
DOJ Memo Leaves No Doubt About Choke Point’s Motives, by William M. Isaac published by American Banker on July 18, 2014

Two House Committees – Financial Services and Judiciary – held hearings this week on the legislation intended to rein in Operation Choke Point. Implemented nearly two years ago by the Department of Justice in coordination with some bank regulators, Operation Choke Point denies essential banking services to companies engaged in lawful business activities that some […]

Posted: Jul 18, 2014
ISAAC TESTIFIES BEFORE HOUSE JUDICIARY COMMITTEE ON OPERATION CHOKE POINT

[I was invited to testify on July 17, 2014 before a subcommittee of the House Judiciary Committee investigating Operation Choke Point, a highly controversial, not to mention un-Constitutional, program implemented about two years ago by the Department of Justice in collaboration with various other agencies. The program is designed to deprive essential banking services to […]

Posted: Jul 17, 2014
TESTIMONY of WILLIAM M. ISAAC before the SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER CREDIT, July 15, 2014

TESTIMONY of WILLIAM M. ISAAC SENIOR MANAGING DIRECTOR, FTI CONSULTING, INC FORMER CHAIRMAN, FEDERAL DEPOSIT INSURANCE CORPORATION before the SUBCOMMITTEE ON FINANCIAL INSTITUTIONS AND CONSUMER CREDIT U.S. HOUSE OF REPRESENTATIVES COMMITTEE ON FINANCIAL SERVICES WASHINGTON, DC July 15, 2014 Chairman Caputo, Ranking Member Meeks, and members of the Subcommittee, I am profoundly grateful that you […]

Posted: Jul 16, 2014
Congress needs to choke off Operation Choke Point, By William M. Isaac Published by The Hill newspaper, July 14, 2014

From small businesses on Main Street to the halls of Congress and the state legislatures, concern is mounting over Operation Choke Point, a coordinated effort among the Department of Justice (DOJ) and bank regulators to cut off banking services for a variety of legal, state-regulated businesses. This week alone, there are three congressional hearings on […]

Posted: Jul 16, 2014
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