Originally Posted By: cupo
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/13/AR2008021302783.html

Predatory Lenders' Partner in Crime
How the Bush Administration Stopped the States From Stepping In to Help Consumers

By
Let me explain: The administration accomplished this feat through an obscure federal agency called the Office of the Comptroller of the Currency (OCC). The OCC has been in existence since the Civil War. Its mission is to ensure the fiscal soundness of national banks. For 140 years, the OCC examined the books of national banks to make sure they were balanced, an important but uncontroversial function. But a few years ago, for the first time in its history, the OCC was used as a tool against consumers.



I worked for the COC back in 1972. And back in the day they were 100% non political and did a strong job of regulating the banks. Today they have one man where we once had five . It's obvious they have lost their regulatroy mission. Not a big surprise. The Bush admin, has many more political appointees than any previous administration. When you reward your incompetent cronies, like he did with Brown at FEMA, this is what you get.
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No huevos no pollo.