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

Book Review: Squam Lake and Senseless Panic

Book Review: Squam Lake and Senseless Panic

July 28, 2010

by Michael Hanson for Fisher Investments MarketMinder

Let’s get this part out of the way: Don’t read the Squam Lake Report. The book is the muddled product of 15 experts recommending financial reform. It’s mercifully short, but reads like overly collaborative documents do—I shudder to think of the endless word massaging and negotiation writing this thing by committee must have required. The result is an overly formal and tepid work with few novel or particularly lucid insights not already covered elsewhere. And to MarketMinder’s view, this group fundamentally misunderstands the causes and consequences of the panic. Skip it.

Instead, pick up the equally pithy but vastly wiser Senseless Panic, by William M. Isaac.

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Ex-FDIC head blasts America’s financial reforms

Ex-FDIC head blasts America’s financial reforms

July 27, 2010

By Nick Rice for FundStrategy

The phrase “elephant in the room” could have been invented for financial institutions that are deemed too big to fail. Although the financial crisis trumpeted their existence and their potentially uncontrollable effect on the economy, the American financial reform bill failed to make them much smaller.

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Regulatory ‘Reform’ is Prelude to Next Crisis

Regulatory ‘Reform’ is Prelude to Next Crisis

July 15, 2010

by Linda McGlasson, Managing Editor at BankInfoSecurity.com

Despite the best efforts of some lawmakers to change the direction of the financial services industry, the banking regulatory reforms voted in by Congress will do little to stop the next fiscal crisis.

I base my opinion in part on the insights of a man who has worked through three major financial crises, former Chairman of the FDIC, William Isaac. 

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Former FDIC Chief Slams Final Financial Reform Bill

Former FDIC Chief Slams Final Financial Reform Bill

July 8, 2010

By Paul Barton for Capitol News Connection

WASHINGTON — The final financial regulatory reform legislation produced by a Congressional conference committee qualifies as more charade than real change, says William Isaac, former head of the Federal Deposit Insurance Corporation and a frequent consultant to Congress on banking matters.

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Wisdom of experience

Wisdom of experience

July 3, 2010

A Book Review of Senseless Panic by The Economist.

The S&L crisis – It’s all happened before…Week by week America’s toll of failing banks continues to rise. The Federal Deposit Insurance Corporation (FDIC) reckons this year’s tally will exceed the 2009 total of 140 banks.

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Volcker: New Government Powers Won’t Be Able To Dismantle Megabanks; Too Big To Fail Lives Despite Reform Bill

Volcker: New Government Powers Won’t Be Able To Dismantle Megabanks; Too Big To Fail Lives Despite Reform Bill

June 15, 2010

By Shahien Nasiripour for The Huffington Post

Former Federal Reserve Chairman Paul Volcker believes the centerpiece of the administration’s effort to end Too Big To Fail — the perception that the nation’s largest banks will always be bailed out when in trouble — will not actually apply to megabanks.

In a September 2009 speech on Wall Street, President Barack Obama said that the administration’s preferred way to dismantle failing systemically-important firms is a new “resolution authority” outside the normal bankruptcy process. The authority, which would enable regulators to wind down failing financial behemoths, “is intended to put an end to the idea that some firms are ‘too big to fail,'” Obama said.

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FDIC Veteran Digs In at Fifth Third

FDIC Veteran Digs In at Fifth Third

June 8, 2010

‘Time to Rebuild the House,’ Says New Chairman Mr. Isaac; Prominent Post for Critic of Bank Reform

By MATTHIAS RIEKER, THE WALL STREET JOURNAL

NEW YORK—William Isaac has been a banker, regulator and critic of the financial-services industry for 40 years, and last month he was elected chairman of Fifth Third Bancorp, where he will help its transition from crisis management to healthy growth.

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