by Jeff Sovern
Here's what the Times's Joe Nocera wrote in his column today:
[The OCC] is a classic captured regulator. As American Banker pointed out recently, the Promontory Financial Group, a prominent banking consulting firm founded by Eugene Ludwig, a former comptroller of the currency, recently hired the O.C.C.’s general counsel, Julie Williams. And where did the O.C.C. find its new general counsel, Amy Friend? From the Promontory Financial Group!
My hope is that the OCC is less captured than it once was. After all, Julie Williams left after Obama appointee Thomas Curry took over. Time will tell.