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May 5, 2009 at 11:55 AM #393942May 5, 2009 at 12:55 PM #393296
Arraya
ParticipantSpend some time and read the OCC and the FedRes job descriptions, seriously.
John Dugan, head of OCC
2005 speech:
Dugan recognizes, for example, that the industry is at the top of the credit cycle, and that risks are lurking that both banks and their regulators must stay on top of. “We will be watching–and watching closely–and we will not hesitate to act,” he said in an early speech to bankers.
Dugan believes both banks and regulators learned a great deal from past crises, and he sees a big part of his job being to make sure the industry doesn’t return to a time of widespread failures.
John Dugan comes to the OCC job with credentials as substantial as predecessor Jerry Hawke. He is a repository of a great deal of modern banking history that he not only lived through, but had a hand in shaping.
“I suppose the more risks you have, the more complicated risk management can become,” says Dugan. “But we wouldn’t want to be in a situation where we were ignoring something that could be a substantial risk to institutions.“
Dugan has been knee deep in every banking problems since the S & L, an expert on regulation and operating procedures and a Harvard lawyer. Of course, his solution is to create another federal agency.
The Fed and OCC are in charge of monitoring these things. That is there job.
Interesting thing about the OCC is it gets paid by the banks to regulate. It does not take appropriations from congress.
May 5, 2009 at 12:55 PM #393553ParticipantSpend some time and read the OCC and the FedRes job descriptions, seriously.
John Dugan, head of OCC
2005 speech:
Dugan recognizes, for example, that the industry is at the top of the credit cycle, and that risks are lurking that both banks and their regulators must stay on top of. “We will be watching–and watching closely–and we will not hesitate to act,” he said in an early speech to bankers.
Dugan believes both banks and regulators learned a great deal from past crises, and he sees a big part of his job being to make sure the industry doesn’t return to a time of widespread failures.
John Dugan comes to the OCC job with credentials as substantial as predecessor Jerry Hawke. He is a repository of a great deal of modern banking history that he not only lived through, but had a hand in shaping.
“I suppose the more risks you have, the more complicated risk management can become,” says Dugan. “But we wouldn’t want to be in a situation where we were ignoring something that could be a substantial risk to institutions.“
Dugan has been knee deep in every banking problems since the S & L, an expert on regulation and operating procedures and a Harvard lawyer. Of course, his solution is to create another federal agency.
The Fed and OCC are in charge of monitoring these things. That is there job.
Interesting thing about the OCC is it gets paid by the banks to regulate. It does not take appropriations from congress.
May 5, 2009 at 12:55 PM #393764ParticipantSpend some time and read the OCC and the FedRes job descriptions, seriously.
John Dugan, head of OCC
2005 speech:
Dugan recognizes, for example, that the industry is at the top of the credit cycle, and that risks are lurking that both banks and their regulators must stay on top of. “We will be watching–and watching closely–and we will not hesitate to act,” he said in an early speech to bankers.
Dugan believes both banks and regulators learned a great deal from past crises, and he sees a big part of his job being to make sure the industry doesn’t return to a time of widespread failures.
John Dugan comes to the OCC job with credentials as substantial as predecessor Jerry Hawke. He is a repository of a great deal of modern banking history that he not only lived through, but had a hand in shaping.
“I suppose the more risks you have, the more complicated risk management can become,” says Dugan. “But we wouldn’t want to be in a situation where we were ignoring something that could be a substantial risk to institutions.“
Dugan has been knee deep in every banking problems since the S & L, an expert on regulation and operating procedures and a Harvard lawyer. Of course, his solution is to create another federal agency.
The Fed and OCC are in charge of monitoring these things. That is there job.
Interesting thing about the OCC is it gets paid by the banks to regulate. It does not take appropriations from congress.
May 5, 2009 at 12:55 PM #393817ParticipantSpend some time and read the OCC and the FedRes job descriptions, seriously.
John Dugan, head of OCC
2005 speech:
Dugan recognizes, for example, that the industry is at the top of the credit cycle, and that risks are lurking that both banks and their regulators must stay on top of. “We will be watching–and watching closely–and we will not hesitate to act,” he said in an early speech to bankers.
Dugan believes both banks and regulators learned a great deal from past crises, and he sees a big part of his job being to make sure the industry doesn’t return to a time of widespread failures.
John Dugan comes to the OCC job with credentials as substantial as predecessor Jerry Hawke. He is a repository of a great deal of modern banking history that he not only lived through, but had a hand in shaping.
“I suppose the more risks you have, the more complicated risk management can become,” says Dugan. “But we wouldn’t want to be in a situation where we were ignoring something that could be a substantial risk to institutions.“
Dugan has been knee deep in every banking problems since the S & L, an expert on regulation and operating procedures and a Harvard lawyer. Of course, his solution is to create another federal agency.
The Fed and OCC are in charge of monitoring these things. That is there job.
Interesting thing about the OCC is it gets paid by the banks to regulate. It does not take appropriations from congress.
May 5, 2009 at 12:55 PM #393957ParticipantSpend some time and read the OCC and the FedRes job descriptions, seriously.
John Dugan, head of OCC
2005 speech:
Dugan recognizes, for example, that the industry is at the top of the credit cycle, and that risks are lurking that both banks and their regulators must stay on top of. “We will be watching–and watching closely–and we will not hesitate to act,” he said in an early speech to bankers.
Dugan believes both banks and regulators learned a great deal from past crises, and he sees a big part of his job being to make sure the industry doesn’t return to a time of widespread failures.
John Dugan comes to the OCC job with credentials as substantial as predecessor Jerry Hawke. He is a repository of a great deal of modern banking history that he not only lived through, but had a hand in shaping.
“I suppose the more risks you have, the more complicated risk management can become,” says Dugan. “But we wouldn’t want to be in a situation where we were ignoring something that could be a substantial risk to institutions.“
Dugan has been knee deep in every banking problems since the S & L, an expert on regulation and operating procedures and a Harvard lawyer. Of course, his solution is to create another federal agency.
The Fed and OCC are in charge of monitoring these things. That is there job.
Interesting thing about the OCC is it gets paid by the banks to regulate. It does not take appropriations from congress.
May 5, 2009 at 1:50 PM #393311davelj
Participant[quote=Arraya]
Interesting thing about the OCC is it gets paid by the banks to regulate. It does not take appropriations from congress.
[/quote]
I believe only the Fed and perhaps the Office of Thrift Supervision get any money from Congress. The FDIC folks are paid via the fees they levy on bank deposits. The state regulators are paid out of state coffers. As you point out, the OCC is paid out of fees levied on the banks… which leaves the Fed and OTS.
May 5, 2009 at 1:50 PM #393568Participant[quote=Arraya]
Interesting thing about the OCC is it gets paid by the banks to regulate. It does not take appropriations from congress.
[/quote]
I believe only the Fed and perhaps the Office of Thrift Supervision get any money from Congress. The FDIC folks are paid via the fees they levy on bank deposits. The state regulators are paid out of state coffers. As you point out, the OCC is paid out of fees levied on the banks… which leaves the Fed and OTS.
May 5, 2009 at 1:50 PM #393779Participant[quote=Arraya]
Interesting thing about the OCC is it gets paid by the banks to regulate. It does not take appropriations from congress.
[/quote]
I believe only the Fed and perhaps the Office of Thrift Supervision get any money from Congress. The FDIC folks are paid via the fees they levy on bank deposits. The state regulators are paid out of state coffers. As you point out, the OCC is paid out of fees levied on the banks… which leaves the Fed and OTS.
May 5, 2009 at 1:50 PM #393832Participant[quote=Arraya]
Interesting thing about the OCC is it gets paid by the banks to regulate. It does not take appropriations from congress.
[/quote]
I believe only the Fed and perhaps the Office of Thrift Supervision get any money from Congress. The FDIC folks are paid via the fees they levy on bank deposits. The state regulators are paid out of state coffers. As you point out, the OCC is paid out of fees levied on the banks… which leaves the Fed and OTS.
May 5, 2009 at 1:50 PM #393972Participant[quote=Arraya]
Interesting thing about the OCC is it gets paid by the banks to regulate. It does not take appropriations from congress.
[/quote]
I believe only the Fed and perhaps the Office of Thrift Supervision get any money from Congress. The FDIC folks are paid via the fees they levy on bank deposits. The state regulators are paid out of state coffers. As you point out, the OCC is paid out of fees levied on the banks… which leaves the Fed and OTS.
May 5, 2009 at 4:59 PM #393394patientrenter
ParticipantRt 66, would you say that it’s best to only buy things that the people closest to you make? Should that be people in your township only? Or just your family? Or maybe just you?
Why is it best not to buy things from people in other countries if you like them and they are offering them to you at a good price?
May 5, 2009 at 4:59 PM #393652ParticipantRt 66, would you say that it’s best to only buy things that the people closest to you make? Should that be people in your township only? Or just your family? Or maybe just you?
Why is it best not to buy things from people in other countries if you like them and they are offering them to you at a good price?
May 5, 2009 at 4:59 PM #393864ParticipantRt 66, would you say that it’s best to only buy things that the people closest to you make? Should that be people in your township only? Or just your family? Or maybe just you?
Why is it best not to buy things from people in other countries if you like them and they are offering them to you at a good price?
May 5, 2009 at 4:59 PM #393918ParticipantRt 66, would you say that it’s best to only buy things that the people closest to you make? Should that be people in your township only? Or just your family? Or maybe just you?
Why is it best not to buy things from people in other countries if you like them and they are offering them to you at a good price?
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