The full impact of TARP
October 7, 2010
Published by The Oklahoman Editorial
THE federal Troubled Asset Relief Program, or TARP, came to an official end last week.
The White House said it saved the U.S. financial system and hinted the $50 billion cost to taxpayers was a bargain. Neel Kashkari, who set up TARP in the waning days of the Bush administration, called it a “resounding success.”
Continue reading →
Was TARP a success?
October 5, 2010
by Dan Collins for The Futures Magazine editorial blog
The Financial Times published a commentary on Monday talking about the success of the Troubled Asset Relief Program (TARP). The basic premise of the story seemed to be that for a piece of legislation that has been roundly criticized — demonized even — TARP has actually been successful in doing what it was supposed to do. In a sense TARP is the Rodney Dangerfield of legislative programs.
Continue reading →
Interview with On the Money Radio
October 1, 2010
Steven Pomeranz chats with Bill this month for On the Money Radio.
In this interview, Bill offers historical perspective on the banking crisis of the 1980’s compared to our current one.
Click here to listen.
House Democrats Launch Bill for Tougher CRA Standards
September 30, 2010
By Stacy Kaper for American Banker
WASHINGTON — House Financial Services Committee Democratic leaders introduced a bill Wednesday to expand the Community Reinvestment Act and impose stricter standards on banks.
Continue reading →
How Financial Reformers Failed
September 30, 2010
We haven’t learned much from the financial collapse, and the new financial regulation bill will not prevent the next crisis, says “Senseless Panic” author William Isaac.
Click here to view the interview on MoneyShow.com
Ohio Farm Bureau Speaks with Bill Isaac
September 27, 2010
Episode 231 for Ohio Farm Bureau Town Hall
A lot of families and businesses are still fighting the effects of the financial crisis of 2008. William Isaac, former FDIC chair, says the meltdown never had to happen and with the right moves shouldn’t happen again.
Continue reading →
Financial regulation a failure, ex-FDIC chief says
September 26, 2010
By Mark Williams for The Columbus Dispatch
The $700 billion financial bail-out: Unnecessary.
Political leadership: Lacking.
Financial regulatory reform: Worthless.
Two years after the collapse of investment banking firm Lehman Brothers nearly brought down the U.S. financial system
Continue reading →
Reform won’t prevent next crisis: 5/3 chairman
September 23, 2010
By Alexander Coolidge for Cincinnati.Com
Former bank regulator and current Fifth Third chairman William Isaac predicted on Thursday that the nation will face another financial crisis in 10 to 15 years.
Continue reading →
Former FDIC Chairman William Isaac (Part 2 of 2)
September 22, 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.
Continue reading →