William Isaac served as chairman of the Federal Deposit Insurance Corporation (FDIC) from August 1981 to October 1985, one of the most tumultuous periods in US banking history. The FDIC handled some 3,000 bank and thrift failures between 1980 and 1991. He is currently chairman of LECG Global Financial Services, a consulting firm. He is a regular columnist in the financial press and often testifies before Congress on regulatory matters.
What is your verdict on the Obama administration's proposals