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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (46168)	11/28/2005 8:54:09 AM
From: Ramsey Su	Read Replies (1) \| Respond to of 110194

ild, I have to admit that it was Les' post that got me searching for the OTS speech. We know the four agencies (credit unions do not really count) starting yapping about this issue back in May 2005. federalreserve.gov We know OCC has already hinted at some guidelines before end of year via a speech last month. occ.gov We now know OTS is confirming something is in the works. ots.treas.gov I personally believe that it is entirely the responsibility of these agencies to impose strict guidelines to rein in the lenders. If they do not do something to reduce the risk of a systemic failure, then they really have no reason to exist. Are they going to bark some more or are they really going to bite this time?