Deficit spending, inflation led to bank failures

I was pleased to speak with my hometown newspaper, The Bryan Times, about my career, the banking system, what led to the recent bank failures, and how we should move forward.

Deficit spending and inflation were two major factors leading to the failure of two banks in recent weeks, according to Bill Isaac, former chair of the Federal Deposit Insurance Corp.

This mirrors what happened in the 1980s.

Read the article here.

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