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

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.

Continue reading →

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.

Continue reading →

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.

Continue reading →

Banks Boost Yield Through FDIC Auctions

Banks Boost Yield Through FDIC Auctions

September 3, 2010

By Lauren Tara LaCapra for The Street

Though banks have been facing more and more pressure to originate fresh loans to consumers and small businesses, they don’t really have to yet – they’re growing loan books through Federal Deposit Insurance Corp. auctions instead.

The bidding wars for failed bank assets have heated up over the past few months, a result of the low interest-rate environment and the enormous amount of capital sloshing around the banking industry. This is a great development for banks and for the FDIC, but not such a great thing for economic growth.

Continue reading →

Isaac: Banking on consolidation

Isaac: Banking on consolidation

September 3, 2010

By Michael Rudnick for The Deal Magazine

William Isaac, 66, who sat squarely in the eye of the savings and loan storm as chairman of the Federal Deposit Insurance Corp. from 1981 to 1985, observed the most recent meltdown from a more comfortable perch as chairman of financial services consulting firm LECG Global Financial Services. He also assumed the role of chairman of Fifth Third Bancorp earlier this year.

Continue reading →

The Dodd-Frank Act: Creative Destruction, Destroyed

The Dodd-Frank Act: Creative Destruction, Destroyed

August 31, 2010

By Peter Wallison for The Wall Street Journal

From the American Enterprise Institute

The dominant theme of the 2,300-page Dodd-Frank Wall Street Reform and Consumer Protection Act is fear of instability and change, which the act suppresses by subjecting the largest financial firms to banklike regulation. The competitiveness, innovativeness, and risk taking that have always characterized U.S. financial firms will, under this new structure, inevitably be subordinated to supervisory judgments about what these firms can safely be allowed to do.

Continue reading →

Off the shelf: Book of the month

Off the shelf: Book of the month

August 27, 2010

By Derek Parker for MIS Financial Review

Book of the month:

Senseless Panic: How Washington Failed America

As the former head of the Federal Deposit Insurance Corporation, William Isaac played a critical role in steering the US through the banking crisis of the 1980s. He can rightly claim to know something about financial catastrophes.

Continue reading →

Banking on Reform

Banking on Reform

August 1, 2010

By Molly McCartney for biz941

In a new book and all over the media, former FDIC chair Bill Isaac campaigns to prevent another U.S. banking crisis.

All is quiet in Bill and Christine Isaac’s waterfront mansion. The kids aren’t home yet from their afternoon activities. The housekeeper is busy in the kitchen. The family’s small dog, Paco, a Havanese with curly dark-brown hair, is napping. Bill is in his home office, where he has a view of the turquoise waters of New Pass. But he’s not looking at the view. He’s at his computer reading one of his 200 daily e-mails, talking on the telephone, monitoring a television news station (it’s on mute) and thinking about the financial, development and community issues that have consumed him for most of his 66 years.

Continue reading →