On Wed, Jun 6, 2012 at 9:54 PM, michael perelman <[email protected]> wrote: > What does the office do? I know they are supposed to help to regulate > banks. Do they actually carry out much regulation or are they just a > tool of than banking sector.
The OCC is notoriously a tool of the big banks. As egregious as the SEC and the Fed are as regulators, the OCC makes them look very good. Here's Yves Smith's take: http://www.nakedcapitalism.com/2011/12/is-the-occ-the-most-corrupt-us-bank-regulator.html _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
