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
SIXTY SECONDS WITH LISA SERVON

[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
FORMER WELLS FARGO CHAIRMAN AND CEO SPEAKS OUT ON BEST PRACTICES IN BANKING AND FINANCIAL REGULATION

[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
Underwriting the Next Housing Crisis By Peter J. Wallison

[I urge you to read the following article from the New York Times by Peter Wallison, a Senior Fellow at the American Enterprise Institute, on the relationship between lax underwriting standards on housing loans and volatility in housing prices that hurts those who can least afford to take the hit. Peter’s analysis is spot on.] […]

Posted: Nov 3, 2014
THE FINANCIAL CRISIS: WHY THE CONVENTIONAL WISDOM IS WRONG By Richard Kovacevich

[Dick Kovacevich and I have been friends for over 30 years, having met in 1982 when he was a rising star at Citibank and I was Chairman of the FDIC. Dick retired a couple of years ago as Chairman & CEO of Wells Fargo & Co. I am hard pressed to identify any CEO of […]

Posted: Oct 19, 2014
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
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RECENT PUBLISHED WORK

articles by William Isaac
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
TIME FOR A NEW APPROACH TO ALTERNATIVE FINANCIAL SERVICES By William M. Isaac

It’s an honor to deliver this keynote address at the annual meeting of the Financial Services Centers of America (“FiSCA”). FiSCA represents some 6,000 licensed financial service center locations nationwide and these centers provide a broad range of much-needed products and services including: check cashing, prepaid cards with savings options, electronic bill payment services, installment […]

Posted: Oct 11, 2014
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