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.
in leading business publications
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.
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.
‘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.
By Nikolaj Gammeltoft, Bloomberg
Fifth Third Bancorp named William Isaac as chairman, putting the former Federal Deposit Insurance Corp. leader in charge of the board after Ohio’s largest bank posted its third straight quarterly loss.
By Allison Bisbey Colter for the American Banker
William Isaac, who led the Federal Deposit Insurance Corp. from 1981 to 1985, thinks the panic that gripped financial markets in 2008 and the ensuing recession did not have to happen and that the Troubled Asset Relief Program, which was sold to Congress and the public as essential to calm the markets, actually did more harm than good.
Interview of William Isaac for the Central Banking Journal
The former chairman of the Federal Deposit Insurance Corporation tells Robert Pringle that procyclical accounting and capital rules lie at the heart of the crisis.
An interview of William Isaac by Susie Gharib for PBS
SUSIE GHARIB:In Washington, another plan is in the works to restore confidence in the nation’s financial system. The White House says Treasury Secretary Henry Paulson is quote, “actively considering” making direct cash injections into American banks.