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
An Interview of William Isaac by Derek Parker for In the Black magazine.
Author Bill Isaac talks to Derek Parker about what he thinks caused the global meltdown – and what lessons still need to be learned.
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.
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.
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.
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.
By Ralph Nader
Summer time is reading time. Here are ten suggested new books including William Isaac’s book, Senseless Panic.
Excerpted with permission of the publisher John Wiley & Sons, Inc. (www.wiley.com) from Senseless Panic by William M. Isaac with Philip C. Meyer. Copyright (c) 2010 by William M. Isaac.
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.
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.