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

To: ridingycurve who wrote (68924)	8/27/2006 6:45:30 PM
From: Ramsey Su	Read Replies (2) \| Respond to of 110194

One other factor of note……..for an extended period of time “classified” loans had no regulatory significance for either capital requirements or enforcement actions. In fact, the OTS had no enforcement powers similar to those granted to the other regulatory agencies (cease and desist, removal from office, and withdrawal of deposit insurance in the case of the FDIC). The OTS could bark, but it couldn’t bite. FDIC, OTS, along with Feds, OCC and the minor credit union people once again is faced with a bite or bark decision with the non-traditional loans. So far there had been a lot of barking. Are they going to bite soon or is that it?