AFDICA Keynote Remarks
I enjoyed addressing the Association of FDIC Alumni in D.C. last month. My keynote remarks touched on many of the topics in my paper “It’s Broken, So Let’s Fix It.”
AFDICA Keynote Remarks Read More »
My Articles
A blast from the past!
Here is a blast from the past, sent to me by Ralph Elosser, formerly of the FDIC when it won a coveted award for cash management from the U.S. Treasury. You might recognize the guy on the far right who was a very young Chairman of the FDIC.
A blast from the past! Read More »
It’s time for the US to withdraw from the Basel capital accords
The Federal Reserve continues to struggle with adoption of Basel III. I firmly believe it is a futile and useless exercise, which should be abandoned, as I state in my most recent article in the American Banker, summarized here. I declined to adopt Basel I when I was Chairman of the FDIC and believe it
It’s time for the US to withdraw from the Basel capital accords Read More »
5 ways to improve the stability of the financial system
In our latest article in The Hill, my good friend Thomas Vartanian and I outline five key challenges standing in the way of financial stability in the US banking system.
5 ways to improve the stability of the financial system Read More »
Uninsured deposits, not brokered deposits, led to 2023 bank failures
My latest article in American Banker explains how it was uninsured deposits, not brokered deposits, that led to 2023’s bank failures.
Uninsured deposits, not brokered deposits, led to 2023 bank failures Read More »
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.
Isaac Proposes Overhaul of U.S. Bank Regulation & Deposit Insurance Read More »
Former FDIC chair: Workplace culture at the FDIC can and must be fixed.
My latest article in The Hill emphasizes the importance of identifying leaders at the FDIC who can attract and retain talent by treating employees with respect and dignity. The FDIC is an important institution with a noble goal, and misbehavior must not be tolerated.
Former FDIC chair: Workplace culture at the FDIC can and must be fixed. Read More »
Back to the Future?
The Federal Reserve and Congress have created and dumped into the economy massive amounts of debt at close to zero interest rates, allowing us to ignore the problems while they have mushroomed beyond control.
Back to the Future? Read More »
Why does one unelected bureaucrat get to decide credit card fees?
My latest article in The Hill, co-written with my friend Tom Vartanian, challenges the amount of power that the Director of the CFPB, an unelected official, can wield. Having a politicized official at the helm of this agency will do the American consumer more harm than good.
Why does one unelected bureaucrat get to decide credit card fees? Read More »
National Debt, Inflation and the Federal Reserve
This article was written in response to a thoughtful and important opinion piece authored by my good friend, Alex Pollock, about the need for Congressional oversight of the Federal Reserve, something recently advocated by Rep. French Hill in the House and Sen. Rand Paul in the Senate.
National Debt, Inflation and the Federal Reserve Read More »