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

Blast From the Past From the American Banker on the Failure of Penn Square Bank

Blast From the Past From the American Banker on the Failure of Penn Square Bank

July 21, 2011

The American Banker re-published an article on July 19, 2011 reporting on the failure of Penn Square Bank in Oklahoma City in July of 1982.  The failure of Penn Square Bank, albeit relatively small, was one of the most notorious bank failures in history.  It drew national media attention, signaled the collapse of the energy sector, and led directly to the demise of SeattleFirst Bank in 1983 and Continental Illinois in 1984, two of the largest banks in the country.  It was just the tip of the iceberg, as by 1992 the nation suffered through nearly 3,000 bank and thrift failures including many of the largest (nine out of the ten largest banks in Texas, for example).  I thought you would find the article interesting and include a link to it below.

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My friend and former colleague, Con Hurley, recently had a piece published by Reuters addressing capital requirements for large financial institutions and efforts to address “too big to fail.” It’s very thoughtful and contributes to the policy debate so I asked Con for permission to include it on my website.

My friend and former colleague, Con Hurley, recently had a piece published by Reuters addressing capital requirements for large financial institutions and efforts to address “too big to fail.” It’s very thoughtful and contributes to the policy debate so I asked Con for permission to include it on my website.

July 8, 2011

There’s No Magic Number for SIFI Capital Buffers

Prof. Cornelius Hurley

Director, Boston University

Center for Finance, Law & Policy

Bank bailouts are not just something awful that happened during the Panic of 2008.  Bailouts are taking place today and every day that too-big-to-fail banks enter the marketplace and bid for funds or for deposits against other institutions.

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Big Banks’ Oversight Is Bigger Issue Than Capital Published in the American Banker on June 23, 2011

Big Banks’ Oversight Is Bigger Issue Than Capital Published in the American Banker on June 23, 2011

June 23, 2011

Barbara Rehm, editor at large of the American Banker, published an article in the June 23, 2011 issue titled “Big Banks’ Oversight Is Bigger Issue Than Capital”. The article is so insightful that I asked for and received permission to include it on my website. I recommend it highly.

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Fed’s Hoenig Speaks Out on Monetary Policy, Bank Regulation, Too Big to Fail, and Dodd-Frank

Fed’s Hoenig Speaks Out on Monetary Policy, Bank Regulation, Too Big to Fail, and Dodd-Frank

June 8, 2011

Tom Hoenig, President of the Federal Reserve Bank of Kansas City, is a person I have long admired for thinking straight and talking straight.  You’ll see what I mean when you read his wide ranging interview in the American Banker on June 7, 2011.  I have received permission from theAmerican Banker to provide a free link to the interview, which follows:

http://www.americanbanker.com/issues/176_108/hoenig-basel-tbtf-future-1038513-1.html

A Former Regulator Pleas for Strong, Independent Boards Topic(s): Board of Directors, Board Committees, Governance, Risk

A Former Regulator Pleas for Strong, Independent Boards Topic(s): Board of Directors, Board Committees, Governance, Risk

June 3, 2011

by Thomson Reuters


Summary: The economy has some serious problems that a former senior bank regulator believes aren’t being addressed. Giving corporate boards more independence and more clout could help, but bankers themselves will have to get serious about making changes if another financial crisis is to be avoided.

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David Malpass, former Assistant Secretary of the Treasury, writes some of the best material I have seen on the U.S fiscal crisis. With David’s permission I am including on my website an article he has written for the May 23, 2011 issue of Forbes magazine. I encourage you to read it.

David Malpass, former Assistant Secretary of the Treasury, writes some of the best material I have seen on the U.S fiscal crisis. With David’s permission I am including on my website an article he has written for the May 23, 2011 issue of Forbes magazine. I encourage you to read it.

May 6, 2011

The U.S. is suffering a government-spending and debt crisis, compounded by an investment exodus caused by Washington’s weak-dollar policy. These risk a tipping point where financial markets and the dollar collapse. Heavy daily flows into gold, silver and foreign markets show the path of capital flight.

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FTI CONSULTING APPOINTS WILLIAM M. ISAAC AS HEAD OF ITS FINANCIAL INSTITUTIONS PRACTICE

FTI CONSULTING APPOINTS WILLIAM M. ISAAC AS HEAD OF ITS FINANCIAL INSTITUTIONS PRACTICE

April 22, 2011

West Palm Beach, FL, April 20, 2011 — FTI Consulting, Inc. (NYSE: FCN), the global business advisory firm dedicated to helping organizations protect and enhance their enterprise value, expands its financial services industry team through the appointment of William M. Isaac as senior managing director and head of the Financial Institutions Group within FTI Consulting. Mr. Isaac and his team join FTI Consulting as part of the recently announced acquisition of certain key practices of LECG Corporation.

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