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Senseless Panic is a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation’s banking system and a blunt indictment of United States policy.

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For decades, William Isaac’s insights on the U.S. financial system have been featured in leading news publications. Now, you can browse them all in one location.

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National Association of Realtors Misrepresents “Facts” on FHA By Ed Pinto Posted: Feb 14, 2013

[  Ed Pinto, resident fellow at the American Enterprise Institute, is one of the foremost authorities on Freddie Mac, Fannie Mae and the FHA. He believes FHA has done great damage by making housing loans available to people who cannot afford them. I think you will find his recent Blog post on FHA provocative.  ]

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The National Association of Realtors (NAR) is at it again. Not being satisfied with the FHA’s decades-long lending nightmare that resulted in an estimated 3.2 million dashed homeowner dreams since 1975, it is launching a new ad campaign entitled “FHA Facts”. Their “facts” are cold comfort to the half million working-class families getting loans from the FHA since 2008 who will lose their homes to foreclosure. These families will lose a sizable portion of their savings and see their credit ruined because the FHA set them up to fail.

Here is the link to the full article

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