William M. Isaac
Autor de Senseless Panic: How Washington Failed America
Sobre El Autor
William M.Isaac is Senior Managing Director and Global Head of Financial Institutions for FTI Consulting and Chairman of Fifth Third Bancorp. Both are positions he assumed after this book was published in its hardcover edition. He served as Chairman of the Federal Deposit Insurance Corporation mostrar más during the banking and SL crises of the 1980s, when some 3,000 banks and thrifts failed, including nine of the ten largest Texas banks as well as Continental Illinois, then the nation's seventh largest bank. Isaac writes frequently for the Wall Street Journal, Financial Times, Forbes, Washington Times, Washington Post, New York Times, American Banker, and other leading publications; testifies before Congress; and makes regular appearances on leading radio and television programs. mostrar menos
Obras de William M. Isaac
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Senseless panic : how Washington failed America por William M. Isaac
Meyer, Philip C. (Author)
First part of book describes author's experiences as head of FDIC in 1980's and his ad hoc policy in reacting to bank failures. Sometimes he let banks fail, sometimes arranged shotgun marriages, sometimes propped them up. But used his best judgement.
Then, according to Isaac, mark-to-market accounting, SEC downtick rule, naked shorting, Fannie and Freddie and their accomplices in the Clinton administration and Congress caused the next crisis.
But this time there weren't enlightened regulators to respond. And according to Isaac, Paulson, Geithner et al., panicked,
How this is a realistic policy, find enlightened regulators, is beyond me. Also, why is mark-to-market and price discovery bad. How regulators use that info can be bad, but the info, it seems, is the information. An interesting read, and short, but only partly illuminating about the financial crisis and ways to prevent others like them.… (más)
Then, according to Isaac, mark-to-market accounting, SEC downtick rule, naked shorting, Fannie and Freddie and their accomplices in the Clinton administration and Congress caused the next crisis.
But this time there weren't enlightened regulators to respond. And according to Isaac, Paulson, Geithner et al., panicked,
How this is a realistic policy, find enlightened regulators, is beyond me. Also, why is mark-to-market and price discovery bad. How regulators use that info can be bad, but the info, it seems, is the information. An interesting read, and short, but only partly illuminating about the financial crisis and ways to prevent others like them.… (más)
Estadísticas
- Obras
- 1
- Miembros
- 20
- Popularidad
- #589,235
- Reseñas
- 2
- ISBNs
- 6