On the heels of losing another famed Great American on the economic front in Jack Kemp, I was deeply saddened to learn of the passing of another as former FDIC chair and CNBC economics commentator Bill Seidman died today.
Seidman, 88, was a crafty veteran of the economic political theatre and was the chief architect of the Resolution Trust Company which rescued the real estate market decades ago. In fact, I recently wrote if he might be available to help us out yet again.
In an era lacking common sense, Seidman rose above the fray and fired out plain spoken intellectual rhetoric on the economic issues of the day. He forgot more than most knew.
I will certainly miss those segments on CNBC with Seidman. He was a great gentleman a a true titan in banking and economics.
The gang at CNBC mourn the loss, including Sure Herrara, Erin Burnett, Larry Kudlow and Jim Cramer.
Larry Kudlow, an old friend and colleague of Seidman, posted the following tribute:
With the passing over the last few weeks of Kemp and Seidman, the economics department up in Heaven has dramatically improved. Rest in peace Bill!
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