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

Ex-FDIC chief Issac blasts politics behind crisis

Ex-FDIC chief Issac blasts politics behind crisis

September 22, 2010

By Matt Burns for Business First of Columbus

Fifth Third Bancorp Chairman William Isaac sees some welcome news in the wake of the financial panic that saw venerable Wall Street titans collapse and credit freeze: It’s not as bad as the 1980s crisis he witnessed while chairman of the Federal Deposit Insurance Corp.

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Former FDIC Chairman William Isaac (Part 1 of 2)

Former FDIC Chairman William Isaac (Part 1 of 2)

September 21, 2010

By Nathan Stovall for SNL Financial

William Isaac served as the chairman of the FDIC from 1978 to 1985, overseeing the resolution of numerous failed banks, including the winding down of large institutions such as Continental Illinois, the nation’s seventh-largest bank prior to its failure in 1984. Isaac is now the chairman of LECG Global Financial Services and Fifth Third Bancorp.

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FDIC chairman to discuss financial crisis, new book

FDIC chairman to discuss financial crisis, new book

September 20, 2010

By Molly Gray for The Lantern

William Isaac has one entity to blame for the devastating impact of the 2008 financial panic: Washington.

Isaac, who served as the chairman of the Federal Deposit Insurance Corporation (FDIC) during the 1980s, a decade that saw America’s last sweeping bank crisis, will be on campus at 1:45 p.m. tomorrow in Saxbe Auditorium in Drinko Hall to discuss his book, “Senseless Panic: How Washington Failed America.”

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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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