William Isaac

“The Federal Reserve Lacks the ‘Earnings’ With Which Legally To Fund the Consumer Financial Protection Bureau” by Alex Pollock

Alex Pollock published an important column in the NY Sun: “The central bank is in circumstances that the authors of Dodd-Frank failed to anticipate — it’s been operating at a loss.”

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Isaac Proposes Overhaul of U.S. Bank Regulation & Deposit Insurance

William Isaac has released a new white paper on much-needed reforms for U.S. bank regulation and deposit insurance. The paper, “It’s Broken, So Let’s Fix It” uses Mr. Isaac’s decades of experience in banking and regulation to make recommendations on accounting rules, regulatory oversight, deposit insurance reform, and better and more effective US-centric capital rules.

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“A value-added tax is one solution to the crippling debt problem” by Peter Tanous

My good friend, Peter Tanous, has written a thoughtful article for CNBC on the necessity of the U.S. joining most of the rest of the world in adopting a Value Added Tax as a critically important step toward significantly reducing our dangerously out of control debt problems. I believe firmly that we must also reduce senseless Federal spending but, realistically, that alone will not do the job. We will also need a reasonable and fair way to increase Federal revenues. It’s time for the VAT tax coupled with a substantial reduction in wasteful Federal spending.

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