COMMON SENSE

L. William Seidman is the chief commentator on cable network’s CNBC-TV and publisher of “Bank Director” magazine. He is also one of the principal founders of Grand Valley State University in Michigan, where the Seidman College of Business was named in honor of his father…

Prior to that, he served as the fourteenth chairman of the Federal Deposit Insurance Corporation from 1985 to 1991. He became the first chairman of the Resolution Trust Corporation (RTC) in 1989 and served until 1991.

During his tenure at the FDIC, the agency handled over one thousand bank failures and took over the administration of the insurance fund of the S&L industry. While at the RTC, he supervised the creation of an 8,000 person agency handling over $400 billion in assets from failed S&Ls. He brought to the position a record of accomplishments as a businessman, educator and public servant.

Gazette – http://www.thenedgazette.com/

Related articles by Zemanta

• FDIC to disclose plans for shoring up insurance fund today (dailyfinance.com)
• FDIC Closes Nine Banks In Arizona, California, Illinois and Texas (cehwiedel.com)
• Dodd Offers Senate Plan for Financial Overhaul (nytimes.com)

Technorati Tags: Bank failure, Federal Deposit Insurance Corporation, Grand Valley State University, insurance, L. William Seidman, michigan, Resolution Trust Corporation, United States

Related posts:

1. Feds Close Bank: Napa Valley Branch