OCC acting head John Walsh still continues to protect the banks while more and more each day come of out the banksters' fraud. And still Mr. Walsh continues to fluff the banksters' pillow while the banksters continue to railroad the homeowners.
Per the Financial Times, “Warning on bank rules reform“:
Calling existing capital levels “extraordinarily high” and proposing a “fundamental rethink” of international liquidity standards, Mr Walsh, acting comptroller of the currency, said: “My view is that we are in danger of trying to squeeze too much risk and complexity out of banking as we institute reforms to address problems and abuses stemming from the last crisis.”
Back to the FT:
Mr Walsh said that he was in favour of higher capital and liquidity standards and supportive of some reforms to bank structure. But he said the new rules risked going too far. “We don’t know how all of these new approaches will work in practice, how they may interact with one another, and what their cumulative impact will be. In an ideal world, we would take the time to find out and be sure we have it right, but clearly we are not living in that world right now,” he said.
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