Replies to post #7454 on United Western Bancorp Inc (fka UWBKQ)

[ArtieB]

we contend that, in our opinion

Who is "we" and "our"?

Go UWBKQ!

VC

[Newtogame]

New Comptroller Thomas J. Curry may raise a glimmer of hope that the Office of the Comptroller of the Currency (OCC) will "refocus the mission" of the OCC and exercise at least some "healthy skepticism" as it purports to regulate powerful national banks.

This DealBook post outlines some of the OCC's past overidentification with profitability objectives of the regulated industry which did not coincide with industry "fairness," macro-prudential risk, or ultimately with the safety and soundness of individual institutions, the industry, and the economy.

Link: http://dealbook.nytimes.com/2012/06/13/with-new-leader-regulator-finds-a-new-direction-as-well/?nl=business&emc=edit_dlbkpm_20120613

I agree with freds thoughts about Thomas Curry, Take the time check out the link/ and read.

New

[ArtieB]

The article to which you refer: http://dealbook.nytimes.com/2012/06/13/with-new-leader-regulator-finds-a-new-direction-as-well/

But the agency suffers from “mission confusion,” as a former regulator at a rival agency told me. Indeed, if anything, the comptroller’s office is too smart and too good at what it does. The heavyweight there, by all accounts, is Julie Williams, the agency’s general counsel. She is savvy, aggressive, generally knows more about bank rules than anyone else in the room — and consistently pushes for less regulation, according to other regulators and Congressional workers with whom I have spoken.

Consistently pushes for less regulation? Are you kidding me? On the other hand, maybe that is why the defendant has been blow out of the water by the plaintiff. Just a thought...

VC