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In Senseless Panic: How Washington Failed America, William M. Isaac, Chairman of the Federal Deposit Insurance Corporation (FDIC) during the banking and S&L crises of the 1980s, details what was different about 2008’s meltdown that allowed the failure of a comparative handful of institutions to nearly shut down the world’s financial system. The book also tells the rousing story of Isaac’s time at the FDIC. With accessible and engaging prose, Isaac:
Senseless Panicis a provocative, quick-paced, and thoughtful analysis of what went wrong with the nation's banking system and a blunt indictment of United States policy.
Amazon Exclusive: Review fom Professor Cornelius Hurley
Bill explains very clearly how the federal policymakers of 2008 did just that.
Mr. Isaac's discussion of how the problems of 2008-2009 were rooted in unaddressed issues left over from the savings and loan crisis of the 1980's makes perfect sense.
Senseless Panic is an important book, one that should be on the reading list of anyone interested in America's economic well-being.
Does a great job of saying how simple the "bail out" could have been. Could have been more specific as to the Fannie and Freddie problem (and solution). Read morePublished 5 months ago by Michael Eagle It
Bill Isaac brilliantly explains why poor and pro-cyclical regulatory decisions exacerbated a bad situation in 2008. Read morePublished 14 months ago by Fred Fraenkel
I have found William Isaac's book, Senseless Panic, to be useful, instructive, and a timely read. His experience as chairman of the FDIC during a very turbulent period in our... Read morePublished 21 months ago by Bill Thomas
Bill Isaac (with the assistance of Phil Meyer)has made a signal contribution to the literature attempting to make sense out of the financial events that occurred in the latter... Read morePublished on August 17, 2012 by Tidewater
I am thoroughly enjoying this book. I might be a nerd about how the inner workings and decisions that effect the very stability of our financial system take place, but I have to... Read morePublished on March 26, 2012 by Bruce Weide
Mr. Isaac's book, "Senseless Panic", is not only an engaging read but quite instructive. It informs. But unlike most books of this type, Mr. Isaac is not an armchair quarterback. Read morePublished on February 25, 2011 by m hurwitz
This book is very well written, extremely easy to understand and a MUST READ for ALL Americans to understand the TRUTH about who is REALLY responsible for creating the continuing... Read morePublished on February 19, 2011 by union man
This simple English description of where Washington has gone wrong in failing to protect the American people from past regulatory and legislative mistakes, as well as one of the... Read morePublished on February 17, 2011 by laura gross
In his first-person account comparing the 1980s bank crisis to the 2008 financial panic, William M. Isaac excoriates government officials for needlessly stoking fear and costing... Read morePublished on January 17, 2011 by Rolf Dobelli