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31:
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488:, which was created specifically to address issues arising from the savings and loan crisis, from 1989 until his retirement from active government in 1991—his ouster from the FDIC Chairman position was orchestrated by the George H.W. Bush administration, who felt Seidman's full disclosure about Savings and Loan fraud might be damaging to that administration's interests, according to the
530:, continued his work as a CNBC financial commentator, and was also a former advisory board member to the Keating Network LLC, a company seeking to connect small and medium-sized businesses. He was, by the time of his death, a sought-after commentator and financial speaker on financial affairs worldwide.
764:
Mr. Seidman was born of Jewish parents in Grand Rapids. His late father came to this country as a child from White Russia in about 1900 and worked his way up to multimillionaire status as a tax consultant, auditor, accountant and specialist in the furniture business that is so prominent in the Grand
505:
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 1990s in the United States, and he was given credit by members of both major parties—for instance, Sen.
349:
From 1950 to 1974, Seidman worked in the accounting firm of
Seidman & Seidman, which his father and uncles had founded, and served as its managing partner from 1968 to 1974. The firm later merged with another accounting entity, BDO USA, to become
386:
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and staff review a draft of his address to the Nation on recommendations for tax reduction and spending, to be delivered that evening. Clockwise: President Ford, Economic
Affairs Assistant L. William Seidman, OMB Director
257:
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.W. Bush administration for disclosing the full extent of the crisis to the
1394:
526:
on economic matters at The Asian Banker Summit in
Singapore March 15–17, 2005. He spoke at four events in Asia from 2005 to 2007. By the end of his life, he was serving as an advisor to
1075:
510:(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. Seidman".
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of the 1980s: "What we did, we took over the bank, nationalized it, fired the management, took out the bad assets and put a good bank back in the system."
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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
1434:
366:. Seidman later said that even though he rose to become Chairman of the FDIC, his proudest accomplishment was his role in the founding of GVSU. In
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354:, a nationally active accounting firm. By 1960, Seidman was a prominent business leader in Grand Rapids, and was one of the principal founders of
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network, as well as an occasional speaker at various financial conferences worldwide. In 2005, he debated former vice-president
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468:. He also served as Dean of the College of Business at Arizona State University from 1982 to 1985. In 1985, he became the
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In the last year of his life, Seidman was critical of rescuing the banks' managements and their shareholders during the
485:
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named Sarah "Sally" Berry—later and better known as Sally
Seidman; they later had six children. He served in the
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Rapids area. His mother, the former Esther
Lubesky, is of Lithuanian Jewish extraction. She was born in Michigan.
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371:
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Mr. Seidman's talk at the Gerald R. Ford
Library on April 22, 2009 entitled "The U.S. Economy...What's Ahead?"
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Productivity the
American advantage: how 50 U.S. companies are regaining the competitive edge
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233:. He also worked as an economic adviser during three separate administrations of
715:"L. William Seidman, Who Led F.D.I.C. During Savings and Loan Crisis, Dies at 88"
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431:—who had attended school with Seidman—became president during a time of economic
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739:"The Political Graveyard: Accountant Politicians in the District of Columbia"
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Full Faith and Credit: The Great S & L Debacle and Other Washington Sagas
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210:
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to restore solvency to the failing savings and loan sector of American
415:, Assistant Secretary of the Treasury for Tax Policy Charles M. Walker.
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and served until 1991, working extensively during the American
407:, Deputy Assistant to the President for White House Operations
457:
Seidman was tapped again as an economic advisor, by President
304:
537:, comparing the bailout with action he and his team at the
362:
for the establishment of a public four-year university in
370:, Seidman was the Republican nominee for the position of
221:, best known for his role in helping work to correct the
782:
William Seidman, Who Led Cleanup of S&L Crisis, Dies
627:
Lewis William Seidman; Steven L. Skancke (August 1990).
484:. He was the first chairman of the related agency, the
411:, Assistant to the President for White House Operations
900:"The Asian Banker Forums & Conference – Homepage"
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Chairs of the Federal Deposit Insurance Corporation
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518:He worked as a chief financial commentator for the
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21:
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291:. Seidman received his undergraduate education at
461:from 1982 to 1984. He famously feuded with Bush
1111:Michigan Alternative and Renewable Energy Center
982:. Gerald R. Ford Presidential Library and Museum
427:in 1974 and Nixon resigned from the presidency,
691:"Former FDIC Chairman Bill Seidman Dies at 88"
403:, Council of Economic Advisers (CEA) Chairman
1069:
754:"President's Organizer Lewis William Seidman"
708:
706:
588:named a research institute in his honor. The
8:
1450:United States Navy personnel of World War II
1365:American people of Lithuanian-Jewish descent
1360:American people of Belarusian-Jewish descent
1238:List of Grand Valley State University people
1440:George H. W. Bush administration personnel
1076:
1062:
1054:
1015:
305:Master's Degree In Business Administration
29:
18:
358:, helping galvanize local support in the
217:commentator, and former head of the U.S.
498:was, at the time, being investigated at
777:
775:
773:
682:
206:(April 29, 1921 – May 13, 2009) was an
752:Burks, Edward C. (September 4, 1974).
806:"Grand Valley remembers Bill Seidman"
662:Federal Deposit Insurance Corporation
474:Federal Deposit Insurance Corporation
423:'s administration was toppled by the
219:Federal Deposit Insurance Corporation
44:Federal Deposit Insurance Corporation
7:
1400:Grand Valley State University people
953:LWSeidman obituary – 5/14/09 LATimes
1375:Jewish American non-fiction writers
1350:Writers from Grand Rapids, Michigan
980:"L. William Seidman files, 1974–77"
287:, a founder of the accounting firm
283:, the son of Esther (Lubetsky) and
56:October 21, 1985 – October 16, 1991
14:
914:"Emmanuel Daniel – Ideas, Travel"
886:"Emmanuel Daniel – Ideas, Travel"
229:from 1988 to 1991 as head of the
185:University of Michigan, Ann Arbor
1425:20th-century American economists
1355:Military personnel from Michigan
1124:
713:Goodman, Peter S. (2009-05-13).
374:, but was defeated by incumbent
1435:Reagan administration personnel
1192:Beckering Family Carillon Tower
1101:Annis Water Resources Institute
1385:Ross School of Business alumni
606:Lewis William Seidman (2000).
450:In 1978, Seidman also founded
16:American economist (1921–2009)
1:
1445:Ford administration personnel
1086:Grand Valley State University
594:Grand Valley State University
535:Troubled Asset Relief Program
356:Grand Valley State University
279:family on April 29, 1921, in
539:Resolution Trust Corporation
486:Resolution Trust Corporation
231:Resolution Trust Corporation
1116:Seidman College of Business
590:Seidman College of Business
580:The FDIC office complex in
1466:
1430:20th-century American Jews
1370:Jewish American economists
821:"Michigan manual. 1963–64"
671:Silverado Savings And Loan
564:at the age of 88. He was
556:after an intercontinental
500:Silverado Savings And Loan
463:White House Chief of Staff
1390:Harvard Law School alumni
1151:Grand Valley State Lakers
1122:
1106:Grand Rapids Medical Mile
1044:
1029:
1023:
1018:
382:Federal government career
249:. He was lauded by both
197:
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37:
28:
1420:Economists from Michigan
1380:Dartmouth College alumni
1036:Michigan Auditor General
1019:Party political offices
586:Arizona State University
552:from a sudden attack of
372:Michigan Auditor General
315:. He married a onetime
235:United States presidents
868:"The Washington Campus"
570:Wagon Mound, New Mexico
562:Albuquerque, New Mexico
478:savings and loan crisis
313:Ross School of Business
223:Savings and Loan Crisis
142:Albuquerque, New Mexico
1415:New Mexico Republicans
635:. Simon and Schuster.
584:is named for Seidman.
416:
399:, OMB Deputy Director
317:University of Michigan
309:University of Michigan
285:Francis Edward Seidman
281:Grand Rapids, Michigan
275:Seidman was born to a
260:United States Congress
125:Grand Rapids, Michigan
1296:Grand Valley Lanthorn
596:also bears his name.
452:The Washington Campus
389:
204:Lewis William Seidman
112:Lewis William Seidman
1410:Michigan Republicans
1005:"L. William Seidman"
1197:Cook Carillon Tower
847:Political Graveyard
289:Seidman and Seidman
93:Andrew C. Hove, Jr.
1279:Philomena Mantella
1233:L. William Seidman
958:Seidman's obituary
947:Additional sources
787:2015-09-24 at the
759:The New York Times
417:
324:United States Navy
301:Harvard University
174:Harvard University
1327:
1326:
1052:
1051:
1045:Succeeded by
929:"Keating Network"
927:Keating, Howard.
843:"Seelig to Selch"
819:Michigan (1965).
642:978-0-671-70219-9
619:978-1-893122-49-9
439:from its pending
425:Watergate scandal
397:James Thomas Lynn
293:Dartmouth College
247:George H. W. Bush
201:
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163:Dartmouth College
1457:
1223:Ralph Hauenstein
1128:
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1026:John V. Clements
1024:Preceded by
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548:Seidman died of
541:took during the
376:Billie S. Farnum
227:financial sector
225:in the American
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1156:GVSU Fieldhouse
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508:Charles Schumer
401:Paul H. O'Neill
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336:Pacific theater
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266:Life and career
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1288:Student life
1243:Susan Martin
1232:
1202:Grand Rapids
1161:GVSU Victory
1034:nominee for
1030:
984:. Retrieved
962:Boston Globe
932:. Retrieved
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872:the original
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850:. Retrieved
837:
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517:
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340:World War II
320:beauty queen
299:degree from
297:Juris Doctor
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137:(2009-05-13)
135:May 13, 2009
88:Succeeded by
51:
1405:CNBC people
1345:2009 deaths
1340:1921 births
1269:Mark Murray
1146:Golf Course
995:Appearances
852:February 2,
429:Gerald Ford
409:Dick Cheney
392:Gerald Ford
352:BDO Seidman
344:Bronze Star
251:Republicans
239:Gerald Ford
76:Preceded by
1334:Categories
1252:Presidents
1228:Robert Pew
1032:Republican
829:HathiTrust
724:2014-05-03
677:References
560:flight in
514:Later life
441:bankruptcy
390:President
342:and won a
303:, and his
271:Early life
153:Republican
118:1921-04-29
1187:Allendale
1134:Athletics
1094:Academics
793:Bloomberg
667:Neil Bush
554:pneumonia
496:Neil Bush
433:recession
360:community
332:destroyer
307:from the
255:Democrats
215:financial
211:economist
159:Education
61:President
52:In office
1141:Football
934:June 25,
825:Red Book
785:Archived
651:See also
566:interred
470:chairman
208:American
986:May 28,
960:in the
558:airline
524:Al Gore
482:banking
472:of the
338:during
334:in the
328:officer
1216:People
1180:Campus
999:C-SPAN
639:
616:
576:Honors
419:After
326:as an
295:, his
277:Jewish
245:, and
144:, U.S.
127:, U.S.
1009:JSTOR
600:Books
330:on a
1307:WGVU
1302:WCKS
1047:None
1041:1962
988:2019
936:2012
854:2021
696:CNBC
669:and
637:ISBN
614:ISBN
520:CNBC
368:1962
253:and
132:Died
108:Born
997:on
592:at
311:'s
190:MBA
1336::
1317:TV
1312:FM
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823:.
791:,
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717:.
705:^
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241:,
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213:,
179:JD
168:BA
1077:e
1070:t
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