wrote in message
...
On Thu, 12 Feb 2009 17:36:26 -0800, "Capt. JG"
wrote:

"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...

You are too easily lead - or mislead.



Why do you say that? If I had time, I'd look them up. It's easy to do, I
just don't care that much. I'm assuming there's some truth in Dave's post. I
tend to filter out the obvious right-leaning stuff.


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