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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in leading business publications
America Is Exhibiting A Symptom Of A Dying Free-Enterprise System By Tony Sagami

[Jim Clifton, CEO of the Gallup Poll organization, wrote recently that “For the first time in 35 years, American business deaths now outnumber births.” Clifton’s finding is both shocking and very disturbing for our nation’s future economic growth and employment. In an article published by Business Insider, Tony Sagami discusses Clifton’s finding and its implications […]

Posted: Jan 28, 2015
Can Banks Resist the Real Estate Temptation? By Alex Pollock

[Alex Pollock, Resident Fellow at the American Enterprise Institute, authored an interesting and informative piece covering the evolution of real estate lending by banks over the past 150 years. I recommend it to you.] “Strewn all over was the wreckage of the banks which had become entangled in the financing of real estate promotions and […]

Posted: Jan 28, 2015
The Illegitimate Dodd-Frank Law Has Nothing to Do With the Financial Crisis By Peter J. Wallison

[Peter Wallison is the Arthur F. Burns Fellow in Financial Policy Studies at the American Enterprise Institute. His book on the financial crisis, “Hidden In Plain Sight: How the U.S. Government’s Housing Policies Caused the Financial Crisis and Why It Can Happen Again”, was published today by Encounter Books. The following article by Peter was […]

Posted: Jan 17, 2015

[The most recent issue of NGENUITY JOURNAL, published by the leading payments system processor TSYS on whose board I serve, contains an insightful interview with Lisa Servon, professor of urban policy at The New School for Public Engagement. Professor Servon talks about unbanked consumers, her experience working at a payday lender and check casher, and […]

Posted: Nov 12, 2014

[Dick Kovacevich, retired Chairman & CEO of Wells Fargo, is one of the most successful and respected bankers in modern history. He recently provided a wide ranging interview on the secrets to success in banking and on the appropriate role for financial regulation. The interview was conducted by Daniel Emmanuel, founder and head of The […]

Posted: Nov 11, 2014
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articles by William Isaac
Don’t Like An Industry? Send a Message to Its Bankers By William Isaac Published by Wall Street Journal, November 21, 2014

The Justice Department touts its Operation Choke Point as a good-faith effort to crack down on illegal businesses, weed out fraud and protect consumers. None of these claims is true. It is becoming clear that the real goal of the program announced last year—or at the very least a desired collateral benefit—is to target entire […]

Posted: Nov 26, 2014
Sound Financial Regulation Essential to Sustainable Economic Growth By William M. Isaac

[The following article was published November 10, 2014 by the SEACEN Financial Stability Journal, a quarterly journal published by The South East Asian Central Banks Research and Training Centre.] I have traveled to Asia many times over the past thirty years, and it is my sense that policy makers in Asia tend to look to […]

Posted: Nov 11, 2014
How Operation Choke Point Hurts the Unbanked by William M. Isaac published by American Banker on November 4, 2014

In any line of business, there are some good operators and some who refuse to play by the rules. The same holds true among payday lenders, check cashers and other alternative financial service providers. It’s clear that we must protect consumers from those who seek to take unfair advantage. Regulators and law enforcement agencies need […]

Posted: Nov 5, 2014
More Competition Is the Answer to Small-Dollar Credit Woes, by William M. Isaac published by American Banker on October 24, 2014

[ This is the first in a two-part series adapted from a keynote speech delivered at the annual meeting of the Financial Services Centers of America, a trade group representing nonbank financial services companies. ] These are hard times for payday lenders and many other alternative financial services companies. Bank regulators as well as the […]

Posted: Oct 25, 2014
Broken Promises to Fannie and Freddie Investors, by William M. Isaac published by American Banker on October 20, 2014

Earlier this month, D.C. District Court Judge Royce Lamberth threw out a lawsuit brought against the government by shareholders of Fannie Mae and Freddie Mac. Some critics of the housing giants have hailed Judge Lamberth’s finding against investors as a win for American taxpayers — but nothing could be further from the truth. The case […]

Posted: Oct 21, 2014
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