Words of Advice:

"Never Feel Sorry For Anyone Who Owns an Airplane."-- Tina Marie

If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

Flying the Airplane is More Important than Radioing Your Plight to a Person on the Ground
Who is Incapable of Understanding or Doing Anything About It.
" -- Unknown

"There seems to be almost no problem that Congress cannot, by diligent efforts and careful legislative drafting, make ten times worse." -- Me

"What the hell is an `Aluminum Falcon'?" -- Emperor Palpatine

"Eck!" -- George the Cat

Tuesday, May 16, 2017

Fox Guarding the Chicken Coop

That's the effect of putting Keith Noreika in as head of the Office of the Comptroller of the Currency.

Back during the Great Recession, it was clear that the OCC served the banksters, not the American people. As I snarked here, the OCC mostly confined itself to approving the proposed location of new bank branches. As to any other regulation of the banksters, they were asleep at the switch during the runup to the Great Recession.

It was one of the failures of the Obama Administration that they did nothing to fix the OCC, to cure it from its deep affliction of Stockholm Syndrome (or "regulatory capture").

And now, Trump wants to effectively put the OCC further into snooze mode.

Haven't we already seen how this movie ends, people?

No comments: