Welcome

Welcome to my new website!

Born and raised in Bryan, Ohio, I received my undergraduate degree from Miami University and law degree from The Ohio State University. An Ohioan through and through, I’ve spent my career practicing law in Milwaukee; serving in a senior position at the largest bank in Kentucky; serving as a board member and Chairman of the FDIC during the banking and thrift crises of the late 1970s through the early 1990s; founding and chairing a leading financial consulting firm from 1986 through 2012 before selling the firm and joining FTI Consulting. I have also served on various boards of directors and as Chairman of 5/3 Bancorporation.

In short, my entire career has been devoted to the financial services industry as a lawyer, consultant, executive, board member, and regulator. It’s been a career forged by my participation in three major financial crises: 1974-76, 1978-1992, and 2008-2010. I’ve dealt with literally thousands of troubled and failed financial institutions, and I’ve commented extensively on public policy issues through Congressional testimony and through hundreds of articles in leading publications, speeches, and television & radio appearances.

The government’s terrible mishandling of the financial crisis in 2008-2009 still angers me. I felt compelled to share my thoughts on the crisis in my book, “Senseless Panic: How Washington Failed America.” I began this website at that time to promote better understanding of how best to manage and regulate financial institutions in the hope that we will never again have to go through another financial panic, senseless or otherwise.

Please reach out to me should you have any questions or suggestions or need any help.

All the best, Bill

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BankThink FASB’s accountability problem by William M. Isaac and Thomas P. Vartanian published by American Banker on April 26, 2019
April 26, 2019
Great news for banks. We’ve decided to establish a self-governing body to create federal common law principles governing corporate conduct. Since Congress has never legislated in this area, the field is wide open. Our new Corporate Conduct Principles Board, or CCPB, will consist of lawyers, financial institution executives and former regulators. It will function as a self-perpetuating, standards-setting ecosystem, exactly like another model we found. To project a veneer of objectivity and independence, the CCPB and its members will be financially independent from the legal and banking industries. Its board members will temporarily separate themselves from their law firms and banks during their tenure to avoid questions about their allegiance. Operating funds will primarily be derived from assessments on member companies, users of its intellectual property and the publication of its standards. Penalties assessed by the CCPB will support a scholarship fund, and its annual budg...
What Experts are saying
If our national leaders had listened to Bill Isaac over the past two decades, particularly when the crisis hit in 2008, we would have avoided the enormously costly financial meltdown. This book is must reading for students of financial history.
Dr. Arthur Laffer Founder and Chairman of Laffer Associates
Bill Isaac throws down the gauntlet to Bush, Paulson, Obama and Geithner… their fixes and bailouts, he argues persuasively, were wrongheaded and very expensive.
Ralph Nader Political activist and four-time candidate for President of the United States
Bill Isaac has dedicated his life to the public policy arena. He thinks straight, and he talks straight. Washington must read Senseless Panic to learn the lessons of the past and set the course for the future
Lawrence Kudlow Former Host of CNBC’s Kudlow Show, Currently Director of the National Economic Council
Bill delivered a forceful case that still counters the myth that Washington had only one viable option to address the financial crisis. Bill’s book is must reading for all who care about financial and economic reform.
Rep. Darrell Issa Former Member of Congress
I would respectfully urge President Obama: read this book. Emulate success. Invite Bill Isaac to Camp David. Spend time debriefing this real-world financial expert. What other effective bank regulator, besides Paul Volcker and Bill Isaac, do you know who fixed our broken financial system for two Presidents—Carter and Reagan? Nothing speaks louder than success.
Rep. Marcy Kaptur (D-OH)
Bill Isaac is absolutely on target in his acute analysis of what he rightly calls the Senseless Panic of 2008. He was at the center in preventing what could have been an even worse banking debacle back in the 1980s. If Washington politicians ignore Isaac’s insights, we will pay a fearful price.
Steve Forbes Chief Executive Officer, Forbes, Inc.
About

Bill Isaac has an unparalleled career in the financial industry and public service, spanning 50 years. He served as Chairman of the FDIC during the crisis of the 1980’s and is today a leading commentator and consultant to financial institutions and governments.
Senseless panic: The book
“Bill Isaac has dedicated his life to the public policy arena. He thinks straight, and he talks straight. Washington must read Senseless panic to learn the lessons of the past and set the course for the future.”
– Lawrence Kudlow
Former Host of CNBC’s Kudlow Show, Currently Director of the National Economic Council
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