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Simon Johnson: When Regulators Side With The Regulated

Financial Regulation

First Posted: 05/19/11 10:18 AM ET Updated: 05/19/11 10:18 AM ET

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The New York Times:

The Office of the Comptroller of the Currency is one the most important bank regulators in the United States — an independent agency within the Treasury Department that is responsible for “national banks” (for more on who regulates what in the United States, see this primer).

Read the whole story: The New York Times

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The Office of the Comptroller of the Currency is one the most important bank regulators in the United States — an independent agency within the Treasury Department that is responsible for “nationa...
The Office of the Comptroller of the Currency is one the most important bank regulators in the United States — an independent agency within the Treasury Department that is responsible for “nationa...
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GeneralJustice
03:53 PM on 5/19/2011
All regulators decisions should require judicial review. If the regulator sides with a bank, and the homeowner wins after judicial review, the regulator should be held personally liable if the homeowner can establish the occ's review was baseless or against the weight of law. Gov't employees hide behind qualified immunity. Get some OCC's ass in the game, and they will not so readily side with the banks over and over again. Immunity for public officials must be reconsider­ed. Too many shady govt characters hide behind thise shield.
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HUFFPOST SUPER USER
dragonladywaltham
politicians serve Americans
03:27 PM on 5/19/2011
It's called being Republican­.
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cats530
consumer advocate
02:13 PM on 5/19/2011
Well that's just fine and dandy with Alabama Republican Senator Spencer Bachus, Chairman of the House Banking Committe.

He stated, "Washingto­n and the regulators are there to serve banks."
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portfolio
12:58 PM on 5/19/2011
Regulators need to stand down and allow American Business

to generate wealth.
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HUFFPOST SUPER USER
dragonladywaltham
politicians serve Americans
03:28 PM on 5/19/2011
You forgot about allowing them to steal our tax dollars and pensions!
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madame48
05:07 PM on 5/19/2011
hahahahaha­haaaaa deregulati­on has worked soooo well for workers of America..h­ahahahaha
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HUFFPOST SUPER USER
2garen
12:18 PM on 5/19/2011
All this article says is to get out of Banks, dollars, and Wall street.
Get precious metals and hide it .
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