WILLIAM ISAAC’S PUBLISHED WORK

Bill Isaac has authored hundreds of articles in top publications and has frequently testified before Congress.

RECENT PUBLISHED WORK

columns from William Isaac in top financial publications

Dodd-Frank Could Shutter Many Community Banks: Former FDIC Chair

Dodd-Frank Could Shutter Many Community Banks: Former FDIC Chair

March 16, 2012

Community banks have a lot to fear from the Dodd-Frank financial reforms, which could put half of them out of business, former FDIC Chairman Bill Isaac told CNBC Wednesday.

“The bigger banks can absorb it, the smaller banks can’t,” Isaac, who is now chairman of Fifth Third Bancorp, told Larry Kudlow. “I would not be surprised to see half of the community banks in this country go out of business if we don’t give some relief from Dodd-Frank for them.”

Here is the link to the article.

What’s So Hard About Winding Down Freddie & Fannie?

What’s So Hard About Winding Down Freddie & Fannie?

March 8, 2012

Taxpayers have already spent $180 billion bailing out government-sponsored mortgage giants, Fannie Mae and Freddie Mac, and will ultimately spend a lot more. It is time for the Administration and Congress to address the issue to make sure taxpayers will never again be placed at risk. Dick Kovacevich, retired Chairman & CEO of Wells Fargo & Co., and I wrote an article proposing a solution. The article was published in the American Banker on March 8, 2012 (a link to the article is provided below).

Here is the link to the article.

 

An Open Letter From Bill Isaac On The Presidential Race

An Open Letter From Bill Isaac On The Presidential Race

February 21, 2012

The 2012 election is the most important since 1980 – arguably, more important. I urge you to get involved.

A massive debt burden threatens the America we love and the future we leave to our children and grandchildren. Millions of people have lost their jobs and homes. Wall Street firms and auto companies have been bailed out while thousands of community banks and other small businesses are deemed too small to save.

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ISAAC and KOVACEVICH: Dodd-Frank won’t prevent next bank bailout, Published by The Washington Times on February 8, 2012

ISAAC and KOVACEVICH: Dodd-Frank won’t prevent next bank bailout, Published by The Washington Times on February 8, 2012

February 11, 2012

Dick Kovacevich, retired Chairman & CEO of Wells Fargo, and I recently wrote an article for the Washington Times on what needs to be done to prevent future banking crises and bailouts:

There always have been bank failures and always will be. The trick is to allow sufficient risk to promote economic growth but not so much that it leads to widespread failures and financial panic. It’s clear from the three major banking crises in the past 40 years that we have not achieved this balancing act. These crises occurred because of the failure of regulators to use their authority effectively to rein in excessive speculation by financial institutions.

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Restoring America’s Core Values By William M. Isaac*

Restoring America’s Core Values By William M. Isaac*

January 31, 2012

I had the honor of delivering a dinner speech in New York City on January 30, 2012 honoring Jack Bogle, the legendary founder of The Vanguard Group, one of the largest mutual funds in the world with assets exceeding a trillion dollars. The subject was restoring America’s values. I hope you will enjoy reading it.

Knut Rostad has given me a nearly impossible job.  He asked me to talk tonight about what the Institute for the Fiduciary Standard and its honoree, Jack Bogle, stand for and how it is relevant in today’s troubled world . . .  all in five minutes.  Knut expressed no sympathy when I objected to the five-minute time limit but finally relented and said I could take a maximum of eight minutes.  Now that I have wasted 30 seconds complaining, I need to get moving.

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Jack Welch & Ann Coulter on Mitt Romney

Jack Welch & Ann Coulter on Mitt Romney

January 27, 2012

As many of you know, I strongly support Mitt Romney for President. Our nation is in dire straits and we need to send leadership to Washington committed to steering us back on the course by implementing sound fiscal, monetary and regulatory policies that will stimulate economic growth and job creation.

Jack Welch, the legendary former CEO of GE told me recently that in his view Mitt Romney is “the most qualified person to run for President in my adult lifetime.” I agree, particularly in the context of today’s perilous times.

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Isaac Predictions for 2012

Isaac Predictions for 2012

January 6, 2012

The American Banker newspaper asked me and other contributors to provide brief, bold predictions for 2012.  The following is my submission, which was published on December 29, 2011.  I hope, for the sake of our nation and our children, that I have this one right.

The 2012 elections will usher in a government that is laser-focused on economic growth and improving America’s competitive standing in the world.  Dodd-Frank will be flushed in 2013, replaced with smarter, more effective regulation.  The US will end its love affair with lowest common denominator international regulatory accords.  A less complicated regulatory regime will be established to prevent the extinction of community banks.  Mega banks will simplify their business models and shrink their balance sheets.