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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (24114)	2/22/2005 3:49:28 PM
From: Chispas	Read Replies (1) \| Respond to of 116555

How in the world does Matt Drudge find these ?? ?? ?? .. .. .. .. .. weeklystandard.com

To: mishedlo who wrote (24114)	2/22/2005 6:39:39 PM
From: xropotkin	Respond to of 116555

The Office of Comptroller of the Currency (OCC) is a regulatory agency for national banks. drfurfero.com Prior to the Gramm-Leach-Bliley Act of 1999, the OCC was often a political opponent of the Fed. After Gramm-Leach-Bliley, OCC, Office of Thrift Services (OTS) and FDIC all fall under the Fed. There is a good description of the political battles between the Fed and OCC over the G-L-B act in Martin Mayer's book "The Fed". My understanding of Mayer's POV is that having the OCC report to the Fed has allowed banks to escape more stringent audits.