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

Capitol Hill ‘complicit’ in lead-up to banking crisis

Capitol Hill ‘complicit’ in lead-up to banking crisis

August 1, 2010

Book Overview by the Journal of Regulation & Risk North Asia

In a patriotic call to arms, former FDIC chief, William M. Isaac, pulls no punches in his new book, ‘Senseless Panic’.

THE financial panic of 2008 and the ensu- ing deep recession did not have to hap- pen and I am appalled by the enormous financial, human and political cost of it all. Taxpayers, rightly so, are extremely angry about the events of 2008 and 2009 – they know instinctively that something does not smell right.

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Booked: Bill Isaac’s Senseless Panic

Booked: Bill Isaac’s Senseless Panic

July 30, 2010

by Michael Noer, Executive Editor for Opinions & Special Reports for Forbes

During 1985, the last year of Bill Isaac’s reign as chairman of the Federal Deposit Insurance Corporation (FDIC), there were 120 bank failures in the U.S. Savings banks were in crisis, insolvent to the tune of $100 billion. Displaying great flexibility, Isaac decided to shutter some banks, while saving others.

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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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