Comments on: How Citi sank itself on the Fed’s watch http://blogs.reuters.com/great-debate/2011/11/30/how-citi-sank-itself-on-the-feds-watch/ Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: joemack http://blogs.reuters.com/great-debate/2011/11/30/how-citi-sank-itself-on-the-feds-watch/#comment-40069 Fri, 02 Dec 2011 14:55:48 +0000 http://blogs.reuters.com/great-debate/?p=11174#comment-40069 OCC is not a regulator

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By: J7AG http://blogs.reuters.com/great-debate/2011/11/30/how-citi-sank-itself-on-the-feds-watch/#comment-40061 Fri, 02 Dec 2011 06:15:32 +0000 http://blogs.reuters.com/great-debate/?p=11174#comment-40061 This statement in your piece, “We just have to respond to these things when they happen. We can’t get ahead of these problems. We don’t have enough people, and the bankers have a lot of smart people.” -From a NY Fed bank examiner on emission trading losses, et al.

I have the feeling you do not believe that the bankers have quite smart people, in order to offset problematic situation that arise in the financial field. ? -Is it not….Sorry, “Is this not where the buck ultimately stops?” If the people closest to the money work for _both_ the money and the health of the country many things would become apparent (as problems that could enhance major macro concerns within a economic system) and, as well, against the greed of just working for the money and basically, therein, “Getting one’s own pockets lined.”
Hence, is it not true that the banking people are to be ‘considered quite adept’ in solving both company and country concerns, from the standpoint of being in the closest proximity to the capital which runs all the world’s business enterprises?
Regulators are not insurers of capital health, so to speak, but ‘purviewers’ -in that they may be able to assist to ‘forsee’ problems. [The addressing of them {areas of concern}would be done by the banking facility, as it sees primarily the detail(s) which the regulator may or may not find. -If in fact greed is not found within the banking system, in order to cover up systemic failure.]

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By: Sechel http://blogs.reuters.com/great-debate/2011/11/30/how-citi-sank-itself-on-the-feds-watch/#comment-40050 Thu, 01 Dec 2011 23:40:10 +0000 http://blogs.reuters.com/great-debate/?p=11174#comment-40050 Isn’t the NY Fed a private institution?

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