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

Bad Calls

Bad Calls

September 17, 2010

By: Mark Gordon, Managing Editor for the Gulf Coast Business Review

Bill Isaac, onetime chairman of the Federal Deposit Insurance Corp., recently wrote a book about the mistakes he says political leaders made that led to many of the county’s current financial problems. Isaac lives in Sarasota.

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American Banker Covers William Isaac’s speech at R&R’s Global Conference

American Banker Covers William Isaac’s speech at R&R’s Global Conference

September 17, 2010

By Heather Landy, Paul Davis and Jeff Horwitz for the American Banker

Unplugged … Again

“Poppycock.” That was former bank regulator Bill Isaac’s one-word assessment of former Treasury Secretary Hank Paulson’s claim that he had no authority to rescue Lehman Brothers Inc., and it cut through the cocktail-hour din to garner laughter and applause from Isaac’s audience.

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No Longer in the Driver’s Seat

No Longer in the Driver’s Seat

September 17, 2010

By Steve Forbes, Editor-In-Chief at Forbes

Here’s good news for investors and the economy. To everyone’s surprise Robert Herz stepped down as chairman of the Financial Accounting Standards Board last month. Herz was the driver behind the disastrous 2007 FASB ruling concerning mark-to-market accounting for banks and insurance companies. The ruling unnecessarily destroyed some $500 billion in regulatory capital of these institutions in 2008–09, thereby triggering the financial panic. Once Congress forced FASB and the SEC to amend the ruling in April 2009, the devastated financial markets began a big rally that lasted until this summer.

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The Government Has Destroyed Business Confidence, Former FDIC Boss Isaac Says–But Help Is On The Way

The Government Has Destroyed Business Confidence, Former FDIC Boss Isaac Says–But Help Is On The Way

September 16, 2010

by Henry Blodget for Yahoo Finance

The massive Wall Street bailout in the financial crisis was justified on the grounds that banks had to be saved so they could keep lending to the “real economy.”

Unfortunately, despite the bailout, the “real economy” has been clobbered–in part because bank lending has fallen off a cliff.

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2 Years After Lehman: How Govt. Turned “Manageable Crisis Into Full-Blown Panic”

2 Years After Lehman: How Govt. Turned “Manageable Crisis Into Full-Blown Panic”

September 15, 2010

by Aaron Task for Yahoo Finance

The two-year anniversary of Lehman Brothers’ bankruptcy has prompted widespread discussion of the causes of the crisis and its aftermath.

William Isaac, former FDIC chairman and current chairman of Fifth Third Bancorp, believes “20 years of bad policy” and lax risk management on Wall Street laid the groundwork for the crisis of 2008. Most observers would agree with that.

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Washington Wasted Crisis With “Terrible Bills” and No Fixes, Says Former FDIC Chair

Washington Wasted Crisis With “Terrible Bills” and No Fixes, Says Former FDIC Chair

September 15, 2010

by Peter Gorenstein for Yahoo Finance

White House chief of staff Rahm Emanuel once said the administration “should never let a serious crisis go to waste.” But that’s exactly what they’ve done, says former FDIC chairman William Isaac.

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Was the Great Panic of 2008 preventable?

Was the Great Panic of 2008 preventable?

September 13, 2010

By Robert J. Samuelson for The Washington Post

It’s been two years since Lehman Brothers failed (Sept. 15, 2008), and we still can’t conclusively answer this question: What if the government had saved Lehman? Its bankruptcy was pivotal. Until then, deteriorating housing and mortgage markets had triggered what seemed a serious — but not unprecedented — recession. Once Lehman failed, the economy went into a frenzied free fall. It’s hard not to wonder whether some of the ensuing turmoil could have been avoided.

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University of Cincinnati College of Business Welcomes Financial Expert

University of Cincinnati College of Business Welcomes Financial Expert

September 7, 2010

By Lisa Groh for the University of Cincinnati College of Business

On September 23, 2010, the Department of Finance and Real Estate at the University of Cincinnati College of Business will host a talk by financial expert William Isaac. Isaac will speak to a select audience about financial reform and his book, Senseless Panic: How Washington Failed America. In Senseless Panic, Isaac provides an inside account of the banking and S&L crises of the 1980s. He compares that period to the financial crisis of 2008 and recommends sweeping regulatory reforms to prevent future crises. Isaac has donated 200 copies of the book for use by College of Business students.

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