Friday, October 1, 2010

Better Than Your Average Ficus

The quality of regulatory oversight provided by some holdover Bush appointees would have been improved had they been replaced by ficus trees.
Readers may dimly recall that the Neil's chart-tastic sidekick does on occasion post here, sometimes on topics that don't even involve charts! One of those was the total awfulness of the former chair of the Office of the Comptroller of Currency, which, while nominally one of the many agencies regulating banking activity, had morphned into an oasis of bankster apologism. Thankfully, the rather odious head of the OCC resigned on August 14th, and even if his replacement had been a ficus, the ficus would probably have been more useful. Happily, John Walsh, the acting head of the OCC, seems to be better than a ficus, and has begun cracking down on the "foreclosure mills" that seem to be popping up to deal with the current wave of distressed mortgages.

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