Bill (William) Seidman, former FDIC chairman and CNBC commentator has died at age 88 after a short illness.
Bill Seidman ‘s family released a short statement earlier, saying:
“Our beloved husband, father, grandfather and great-grandfather devoted himself to education, to the business community, to the service of his country, and most of all to his family and friends. He was an extraordinarily gifted and generous man whose wit and wisdom touched all who knew him. For our family, the loss is immeasurable.”
L. William Seidman was born April, 29, 1921, in Grand Rapids, Michigan. He received his undergraduate degree from Dartmouth College, his LLB from Harvard University and his MBA from the University of Michigan’s Ross School of Business.
From Bill Seidman’s Wikipedia Page:
Bill Seidman began working in United States government as an economic adviser to President Gerald Ford from 1974 to 1976, and later in a related capacity to President Ronald Reagan from 1982-1984. In 1985, he became the chairman of the Federal Deposit Insurance Corporation and served until 1991, working extensively during the American savings and loan crisis to restore solvency to the failing savings and loan sector of American banking.
Bill Seidman worked as a chief financial commentator for the CNBC network, as well as an occasional speaker at various financial conferences worldwide. Seidman also joined SecondMarket, Inc. in December 2008 and served as a senior adviser to the firm.
