"Dave" wrote in message
...
On Thu, 12 Feb 2009 15:48:22 -0800, "Capt. JG"
said:

One of the other things that needs to be done is to jettison some of the
career regulators who seem to think their job is to go out and do all
manner
of good deeds for "consumers" instead of focusing on the financial
health
of
the institutions they're supposed to be regulating. Sheila Bair and
Julie
Williams come immediately to mind.


Not familar with these people.

Sheila Bair engineered the intended takeover of Wachovia by Citibank for
peanuts plus government assistance. A week later, before contracts could
be
prepared, BOA came in and offered far more without government assistance,
and bought the bank.

Julie Williams is General Counsel, and from time to time acting head, of
the
Office of the Comptroller of the Currency, the agency that regulates
nationally chartered banks. She has for several years been pushing the
idea
that the OCC's job is to cut off telemarketers, online pharmacies and
companies that sell tobacco products over the internet from access to the
banking system, and generally to do good deeds for consumers. She would be
better advised to have her examiners focusing on their banks' assets.


Interesting...

--
"j" ganz @@
www.sailnow.com