#otting

[alexandertrattler]

Bavarian sunset by @alexandertrattler - 2018

[sarcasticcynic]

The White House Just Used a Brazen Backdoor Move to Bypass the Senate

A loophole allowed the Trump administration to install a Wall Street lawyer to take over one of the nation’s most powerful regulators without a hearing or confirmation.

As you may recall, Donald Trump promised to gut the protections of the Dodd-Frank Wall Street Reform and Consumer Protection Act, because it interferes with the ability of banks and other business to make lots of money at the expense of ordinary consumers I mean to create jobs. To accomplish this, he’d need someone friendly to head the Office of the Comptroller of the Currency (OCC), which is in charge of regulating Wall Street.

Trump wanted to appoint Keith Noreika, a Wall Street financial services lawyer who has worked closely with the same Wall Street companies that the OCC regulates. The head of the OCC, however, is a position that the Senate must confirm, and Noreika’s past work has left him with substantial financial and ethical conflicts of interest. So Trump and his Treasury Secretary, Steven Mnuchin, came up with a way to do it without any potential embarrassment:

Appoint Noreika as “first deputy” at the OCC.

Fire the current head of the OCC.

Noreika automatically became “acting comptroller,” with no Senate hearings or confirmation, no disclosure of his former clients, and no ethics pledge.

[alexandertrattler]

sunny frost - Bavaria 2017 - by Alexander Trattler

[gutachter]

Sanierung der Schlosskapelle: Erster großer Schritt ist getan

Otting: „…Die Sanierung der Schlosskapelle in Otting geht voran. Das ist der aktuelle Stand. Die Sanierung der Schlosskapelle in Otting schreitet voran. Nach Auskunft von Bürgermeister Wolfgang Lechner sind die Arbeiten an der Fassade so gut wie abgeschlossen. Das Gerüst soll noch im August entfernt werden. Das Hauptaugenmerk gelte jetzt dem Innenraum. Die Gemeinde hat die historische Kapelle…

Sanierung der Schlosskapelle: Erster großer Schritt ist getan

[moneyhealthfinance-blog]

White House walks back Otting comment on imminent GSE reform Two weeks ago, Federal Housing Finance Agency Acting Director Joseph Otting told staffers the agency was weeks away from announcing a plan to take the GSEs out of conservatorship, saying that the administration would not wait on Congress and that significant headway would be made within six to 18 months. “In the next two to four weeks you’re going to be able to see some communication... Investments

[moneyhealthfinance-blog]

Watt out: OCC’s Otting officially takes over as FHFA director Mel Watt’s time as the director of the Federal Housing Finance Agency is officially over. Watt became the first Senate-confirmed director of the FHFA back in 2014, and led the FHFA for five years, but his term as FHFA director ended on Jan. 6, 2019. Going forward, the FHFA will be led by Comptroller of the Currency Joseph Otting, who was picked b... Investments

[moneyhealthfinance-blog]

Otting touts OCC to foreign banks seeking U.S. presence

Otting touts OCC to foreign banks seeking U.S. presence

Foreign banks seeking a U.S. presence should consider licensing options with the Office of the Comptroller of the Currency rather than applying at the state level, the head of the federal regulator said Wednesday.

Speaking at an international conference in Tokyo, Comptroller Joseph Otting said foreign institutions have a more streamlined option with the OCC versus having to deal with multiple…

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