COVID-19: Where We Are Now and How We Can Safely Climb Out of the Economic Hole We’re In, Part I

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COVID-19: Where We Are Now and How We Can Safely Climb Out of the Economic Hole We’re In, Part I

May 17, 2020

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Comment by David Scudder on Vartanian/Isaac OP-ED July 19, 2021 Tom Vartanian and I have received many comments on our recent American Banker article (“Financial Crisis is Edging Closer. There’s Still Time to Fix it.”). It has clearly struck a chord with a lot of thoughtful and respected people worried about the future of our nation and its economy. The letter below from David ...
BankThink The next financial crisis is edging closer. There’s time to stop it. By Thomas P. Vartanian, William M. Isaac published by American Banker July 15, 2021 My friend Tom Vartanian and I are very troubled by the condition of the U.S. and global economy in the wake of the recent pandemic and the incredibly loose fiscal and monetary policies over the past decade with even more on the drawing board. Feeling we needed to do something to help unleash a ...
How Congress can prevent a post-pandemic financial crisis, by Blaine Luetkemeyer and William M. Isaac September 5, 2020 “Everyone is convinced that accounting standards are simply too boring and too intricate for anyone to pay attention to.” Those were the opening remarks of Rep. Brad Sherman, D-Calif., during a House Financial Services subcommittee hearing earlier this year with accounting standards officials. Sherman, a CPA and the chairman of the subcommittee, is absolutely right. To ...
BankThink Strip FASB of its powers by William M. Isaac, Howard P. Milstein published by American Banker June 12, 2020 The latest Financial Accounting Standards Board debacle may finally cause the government to step in and end its monopoly power to dictate accounting standards on banks and financial regulators. The most recent step in that direction was a June 4 letter from a bipartisan group of four U.S. senators to Treasury Secretary Steven Mnuchin, in his ...
How the U.S. Fought the 1957 Flu Pandemic by Emily Moon published by Smithsonian Magazine, June 2020 June 12, 2020 [Everyone knows that the COVID-19 virus the world has been suffering through is the first global pandemic since the Spanish Flu in 1918. So we’re talking about an event that perhaps occurs only once every century, right? Everybody knows this is a once per century event, Right? What if I told you that is not ...
Isaac | Milstein Letter to Congress, May 5, 2020 May 5, 2020 As our nation’s banking institutions, and particularly small banks, face unprecedented strain in the midst of the COVID-19 pandemic, we thought you might be interested in an article we recently wrote for American Banker on Congress’s recent decision to freeze the implementation of a new accounting standard on small banks – the Current Expected Credit ...

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