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
Why the Johnson and Crapo “Taxpayer Protection Act” will not protect taxpayers, by Edward Pinto, Resident Fellow and codirector of International Center on Housing Risk American Enterprise Institute

A housing bill was recently introduced in the Senate with bi-partisan support. Sponsors claim the bill will get rid of Fannie Mae and Freddie Mac and eliminate taxpayer exposure to losses in the housing markets. Not so says Ed Pinto, housing policy expert and resident fellow at the American Enterprise Institute, in the article below […]

Posted: Mar 27, 2014
Former FDIC Chairman Isaac to Newsmax: Fed QE Is a ‘Terrible Tax on Senior Citizens’ on MoneyNews, article includes Video of the interview, Februray 14, 2014 By Dan Weil

Former FDIC Chairman William Isaac has strong objections both to the Federal Reserve’s quantitative easing (QE) and its commitment to keep short-term interest rates near zero. “QE has not been helpful to the economy. In fact, it’s impeding growth, and it’s a terrible tax on senior citizens who are trying to have income for their […]

Posted: Feb 18, 2014
Ex-FDIC head says banks need more leeway to lend By Paul Gores of the Journal Sentinel Milwaukee

Lax bank regulation contributed to the financial crisis and recession, but overly rigorous bank regulation now is hampering the economic recovery, a former top federal banking official says. William Isaac, who headed the Federal Deposit Insurance Corp. from 1981 to 1985, said regulators have overreacted and should be encouraging bankers to lend, not inhibiting lending […]

Posted: Feb 13, 2014
Fannie and Freddie Are Obviously SIFIs. Earth Calling FSOC by Alex Pollock

[My friend Alex Pollock is a resident fellow at the American Enterprise Institute. Here is piece he just published that packs a lot of punch in a very short space.] January, 2014 Fannie and Freddie Are Obviously SIFIs—Earth Calling FSOC Alex J. Pollock The Financial Stability Oversight Council (FSOC), a big committee of regulators, is […]

Posted: Jan 31, 2014

COLUMBUS, Ga.–(BUSINESS WIRE)–January 29, 2014– TSYS (NYSE: TSS) announced today the election of two new members to its board of directors — William M. Isaac, senior managing director and global head of Financial Institutions for FTI Consulting and former Chairman of the Federal Deposit Insurance Corporation (FDIC); and Connie D. McDaniel, former senior executive at […]

Posted: Jan 31, 2014
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articles by William Isaac
DOJ’s ‘Operation Choke Point’: An Attack on Market Economy, by William M. Isaac published by American Banker on March 21, 2014

History teaches that when government bureaucracies try to direct economies, stifled creativity, distorted markets and low economic growth are inevitable results. One of the easiest and most insidious ways for bureaucrats to control the U.S. economy is through the banks, directing who gets – and who can’t get – loans and other essential banking services. […]

Posted: Mar 22, 2014
The Crisis Was Not Wasted, Unfortunately, by William M. Isaac and Alex J. Pollock published by American Banker on March 13, 2014

With sharp insight and the cynicism natural to a Chicago politician, Rahm Emanuel famously pronounced in 2008, “You never want a serious crisis to go to waste.” A crisis, he continued, “provides the opportunity … to do things that you could not do before.” How true. For those who wanted to greatly expand the power […]

Posted: Mar 14, 2014
Payday Crackdown Creates More Problems than It Solves by William Isaac published by American Banker on February 18, 2014

There are more payday loan stores in the U.S. than all the McDonald’s and Starbucks stores combined. It’s clear that tens of millions of consumers across the nation want and feel they need this product. It’s equally clear that government policymakers believe they know what’s best for consumers. Recent actions taken by the federal government […]

Posted: Feb 21, 2014

[I began my career with the Foley & Lardner law firm in Milwaukee 45 years ago. I recently had the pleasure of returning to Milwaukee to address the Bank Executives Conference of the Wisconsin Bankers Association. It gave me an opportunity to reflect on how we might use lessons of the past to improve bank […]

Posted: Feb 12, 2014
Fed’s Muddled Message Hinders Economic Growth by WILLIAM M. ISAAC AND RICHARD M. KOVACEVICH published by American Banker on January 6, 2014

Despite the Federal Reserve exploding its balance sheet over the past six years from less than a trillion dollars to nearly four trillion, average GDP growth over the period remains only about 2%. The average pace of the current economic expansion is less than half the average of the last four recoveries and well under […]

Posted: Jan 7, 2014
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