Thursday, July 22, 2010

August 15th, A Happy Day

The WSJ reports that John Dugan the head of the Office of the Comptroller of the Currency will be leaving on August 14th. Dugan is perhaps the best example that banks will engage in "forum shopping" in attempts to find the regulator who is most in tune with their interests. He's a real piece of work; you can read more about his sordid history of standing up for the little bank that could in the face of Big Consumer at CAP's Wonkroom.

Given the circumstances, if Obama is unable to find a decent nominee, Obama would be better off awarding a recess appointment to this ficus, who will almost certainly suck less than Dugan.
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