Biography of bill seidman

Federal Deposit Insurance Corporation, best known for his role in helping work to correct the Savings and Loan Crisis in the American financial sector from as head of the related entity, the Resolution Trust Corporation. He was lauded by both Republicans and Democrats for his work in cleaning up the frauds of the Savings and Loan disaster, but was pushed out of American government by the George H.

Bush Administration for disclosing the full extent of the crisis to the United States Congress and taxpayers. William Seidman. We're doing our best to make sure our content is useful, accurate and safe. If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly.

Forgot your password? Retrieve it. William Seidman Organization founder — Photo Credit ». Who was L. William Seidman? We need you! Help us build the largest biographies collection on the web! After Richard Nixon 's administration was toppled by the Watergate scandal in and Nixon resigned from the presidency, Gerald Ford —who had attended school with Seidman—became president during a time of economic recession in America, and tapped Seidman for an economic advisory post to work on pressing economic problems such as the choice of whether or not to bail out New York City from its pending bankruptcy —Ford later chose against doing this.

Seidman served in this capacity until , then returned to the private sector. In , Seidman also founded The Washington Campus , [ 9 ] an executive education organization which began as a consortium of U. Seidman was tapped again as an economic advisor, by President Ronald Reagan from to In , he became the chairman of the Federal Deposit Insurance Corporation and served until , working extensively during the American savings and loan crisis to restore solvency to the failing savings and loan sector of American banking.

He was the first chairman of the related agency, the Resolution Trust Corporation , which was created specifically to address issues arising from the savings and loan crisis, from until his retirement from active government in —his ouster from the FDIC Chairman position was orchestrated by the George H. Bush administration, who felt Seidman's full disclosure about Savings and Loan fraud might be damaging to that administration's interests, according to the New York Times.

Nevertheless, Seidman's work was seen as crucial in terms of providing stability to the American banking system and helping provide a foundation for the prosperity of the s in the United States, and he was given credit by members of both major parties—for instance, Sen. Charles Schumer then a House Representative , even though Schumer was a prominent Democrat and Seidman was a Republican, said that "One of the bright spots in this whole mess has been Mr.

He worked as a chief financial commentator for the CNBC network, as well as an occasional speaker at various financial conferences worldwide. Seidman died of complications from a sudden attack of pneumonia after an intercontinental airline flight in Albuquerque, New Mexico at the age of He was interred at his ranch in Wagon Mound, New Mexico.

Arizona State University named a research institute in his honor. Contents move to sidebar hide. Article Talk. Read Edit View history. Tools Tools. Download as PDF Printable version. In other projects.

Biography of bill seidman

Wikimedia Commons Wikidata item. American economist — Life and career [ edit ]. Early life [ edit ]. Federal government career [ edit ]. Later life [ edit ]. Honors [ edit ]. Books [ edit ]. See also [ edit ]. References [ edit ]. William Seidman, Who Led F. During Savings and Loan Crisis, Dies at 88". New York Times. Retrieved