BankThink A cautionary tale on brokered deposits By William M. Isaac

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columns from William Isaac in top financial publications

November 9, 2018

BankThink A cautionary tale on brokered deposits By William M. Isaac

BankThink A cautionary tale on brokered deposits By William M. Isaac

November 9, 2018

The Federal Deposit Insurance Corp. is considering changing its rules governing brokered deposits, as American Banker recently reported. A number of bankers have urged the FDIC to liberalize the current rules so they might fund their banks more readily and extensively by purchasing money from deposit brokers. I would caution bankers and the FDIC to tread cautiously in this area.

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How Congress can prevent a post-pandemic financial crisis, by Blaine Luetkemeyer and William M. Isaac September 5, 2020 “Everyone is convinced that accounting standards are simply too boring and too intricate for anyone to pay attention to.” Those were the opening remarks of Rep. Brad Sherman, D-Calif., during a House Financial Services subcommittee hearing earlier this year with accounting standards officials. Sherman, a CPA and the chairman of the subcommittee, is absolutely right. To ...
BankThink Strip FASB of its powers by William M. Isaac, Howard P. Milstein published by American Banker June 12, 2020 The latest Financial Accounting Standards Board debacle may finally cause the government to step in and end its monopoly power to dictate accounting standards on banks and financial regulators. The most recent step in that direction was a June 4 letter from a bipartisan group of four U.S. senators to Treasury Secretary Steven Mnuchin, in his ...
How the U.S. Fought the 1957 Flu Pandemic by Emily Moon published by Smithsonian Magazine, June 2020 June 12, 2020 [Everyone knows that the COVID-19 virus the world has been suffering through is the first global pandemic since the Spanish Flu in 1918. So we’re talking about an event that perhaps occurs only once every century, right? Everybody knows this is a once per century event, Right? What if I told you that is not ...
Isaac | Milstein Letter to Congress, May 5, 2020 May 5, 2020 As our nation’s banking institutions, and particularly small banks, face unprecedented strain in the midst of the COVID-19 pandemic, we thought you might be interested in an article we recently wrote for American Banker on Congress’s recent decision to freeze the implementation of a new accounting standard on small banks – the Current Expected Credit ...
BankThink Congress was right to freeze CECL by William M. Isaac, Howard P. Milstein April 24, 2020 The Financial Accounting Standards Board is at it again. The counterproductive and harmful mark-to-market accounting rules imposed by FASB led to the near collapse of the global economy during the financial crisis, and to the $700 billion Troubled Asset Relief Program. Now, FASB wants to require banks to adopt another form of mark-to-market accounting rules known as ...
BankThink How small banks can help small companies get through coronavirus published by American Banker by William M. Isaac, Howard P. Milstein April 7, 2020 The coronavirus has brought together a badly divided country in a way almost never seen. With an invisible enemy uniting the nation, the vibrant network of more than 5,000 local banking institutions, if properly harnessed, can be a crucial weapon. There is no better vehicle available to stabilize the nation’s economy than the banks rooted in ...

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