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.

MEDIA COVERAGE

in leading business publications

Former FDIC Head Isaac: JPMorgan Loss Embarrassing but Not Fatal

Former FDIC Head Isaac: JPMorgan Loss Embarrassing but Not Fatal

May 14, 2012

U.S. financial titan JPMorgan Chase’s $2 billion trading loss is an embarrassment for the otherwise tightly-run financial ship but won’t inflict lasting damage to the company, says William M. Isaac, former chairman of the Federal Deposit Insurance Corp. (FDIC).

Meanwhile, the bank’s leadership should be given room to work out the problem itself and doesn’t need the government complicating damage control by excessive probes and interference.

Here is the link to the full NewsMax article and imbedded video.

Get Those Loan Loss Reserves Up By Alex Pollock

Get Those Loan Loss Reserves Up By Alex Pollock

May 11, 2012

My friend, Alex Pollock, Senior Fellow at the American Enterprise Institute in Washington, wrote the following article that you simply must read. The article is beautifully and simply written. It talks about the mistakes the government and bankers have repeatedly made in failing to set aside adequate reserves against potential losses, which have led to several major banking crises over the past four decades. When will we learn the lessons of history? This stuff is not rocket science!

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A Piece of My Mind

A Piece of My Mind

May 3, 2012

James Grant, founder of Grant’s Financial Publishing Inc. and a journalist and author, recently delivered a speech on monetary policy at the Federal Reserve Bank of New York. The speech is remarkable for its substance, wit and incredible honesty and candor. I highly recommend it to you. The link is below.

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How Government Policies Brought Down the Housing Market

How Government Policies Brought Down the Housing Market

April 29, 2012

The massive US housing market is in serious trouble, far worse than in almost any other developed country. Since 2006, housing prices have fallen 30 to 40 percent in most areas; millions now owe more on their mortgages than their houses are worth, and millions more have only slivers of equity. The average homeowner today has 7 percent equity in his or her home, versus 45 percent as recently as 1990. The private housing finance system has virtually disappeared, and the government system that remains is pursuing the same policies that produced the current problems.

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Mitt Romney’s Talk at the Isaac Home

Mitt Romney’s Talk at the Isaac Home

April 27, 2012

We were honored to have Mitt and Ann Romney visit our home on November 14, 2011. The Romneys arrived early and had an opportunity to relax and enjoy the beauty and tranquillity of the Gulf of Mexico. The event that evening was intimate and wonderful, as Mitt and Ann were able to greet and talk with each guest before addressing the group. They are both the real deal. I learned recently that one of our guests that evening recorded a portion of Mitt’s talk and posted it on YouTube. Since it is already in the public domain I provide the link below in case you want to view it.

http://www.youtube.com/watch?v=d9RvMem_gic

Independent Bankers Association of Texas’ CEO says Dodd-Frank increases systemic risk

Independent Bankers Association of Texas’ CEO says Dodd-Frank increases systemic risk

April 26, 2012

Christopher L. Williston, the president and CEO of the Independent Bankers Association of Texas, recently said that too-big-to-fail is still a problem for America’s economic recovery and that Dodd-Frank only increases the threat.

Link to full Article,
http://bankcreditnews.com/news/independent-bankers-association-of-texas-ceo-says-dodd-frank-increases-systemic-risk/3979

 

Fed Buying 61 Percent Of US Debt

Fed Buying 61 Percent Of US Debt

April 5, 2012

The Federal Reserve is propping up the US economy by buying 61 percent of the debt issued by the Treasury, a trend that cannot last, Lawrence Goodman, a former Treasury official and current president of the Center for Financial Stability, writes in a recent Wall Street Journal article. Goodman warns that the US economy and markets are “at risk for a sharp correction” if conditions aren’t “normalized.” Find out more by going to the link below.

http://www.moneynews.com/Headline/fed-debt-Treasury/2012/03/28/id/434106