Bill Isaac

Former FDIC Chair Bill Isaac discusses his handling of bank failures in the 1970s and 1980s, the impact of high interest rates on the banking system, and the fiscal imprudence of the U.S. Congress. He argues that inflation, rather than debt, is the true problem and debates the need for zero interest rates after the 2008 financial crisis. Isaac also explores the challenges banks face with rising interest rates and emphasizes the importance of prudence and moderation in the banking system.