William Isaac, chairman of the Federal Deposit Insurance Corp. during the banking crisis of the 1980s, is chairman of LECG Global Financial Services and Fifth Third Bancorp. He is the author of "Senseless Panic: How Washington Failed America."
The former head of the FDIC says Dodd-Frank would not have prevented the last crisis and will not prevent the next one.
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The FASB is implementing important reforms to correct accounting problems that worsened the recent financial crisis.
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