Magazine article American Banker

A Friend Has Been Taken from Us

Magazine article American Banker

A Friend Has Been Taken from Us

Article excerpt

Thursday, Aug. 20, was one of the saddest days I have known. That morning I received a call at my home telling me that Bill Taylor had died.

I could not, or did not want to, believe what I was told. I called Bill's secretary and asked if it was true.

She said, "Yes Mr. Isaac, it's true; we lost him this morning." Neither of us could hold back the tears.

Bill Taylor was a very special person who will live forever in the hearts of those who were fortunate enough to have known him.

I have been thinking of him a lot these past few days and would like to share some of those thoughts with you.

The news stories reporting Bill's death tell you what he was -- chairman of the Federal Deposit Insurance Corp., former head of bank supervision at the Federal Reserve, and former acting head of the Resolution Trust Corp.'s Oversight Board.

A Real Person

Far more important, in my book, is who he was.

Bill Taylor was real person, full of life's emotions. He cared deeply about his friends and family, his God, his country, his principles, and his life's work.

You never had to wonder where Bill stood on things. He would tell you with unmistakable clarity. If he disagreed with you, you knew it, and you knew why. If he liked and respected you, you knew it, and you knew it was real.

If you were fortunate enough to spend more than a little time with him, you experienced the full range of his emotions. You knew his love, anger, frustration, and good humor.

I have been in and around government a good number of years, and have seen the best and worst it has to offer. I have known many highly principled and dedicated public servants. Two of the finest were Bill Taylor and his former mentor, Paul Volcker.

Bill's integrity, dedication, and loyalty were absolute.

I spoke with him about six months or so before Paul Volcker left his position as chairman of the Federal Reserve. …

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