General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsThe White House just used a brazen backdoor move to bypass the Senate
In a week in which Donald Trump fired the person investigating his campaigns ties to Russia, it will surely come as a shock to learn that the circumstances under which financial services lawyer Keith Noreika became the head of a powerful Wall Street regulator were not totally above board.
The story begins here: Donald Trump has promised his friends in the banking industry that he will gut financial regulations. But one thing thats prevented him from doing so, thus far, has been the head of the Office of the Comptroller, Thomas Curry, who was appointed by Barack Obama and was thus a killjoy who made it his jobbecause it kind of was his jobto impose tough rules and big fines for wrongdoing in the industry. It was clear, given Trump and Treasury Secretary Steven Mnuchnins pledge to unshackle Wall Street from financial-crisis-era regulations, that Curry not only had to go, but be replaced by someone with a more friendly relationship with the banks, like Noreika.
............................................................................
According to the O.C.C., Noreikas position is meant to be temporary. While he serves as the head of the office, Noreika will be classified as a special government employee, which means he doesnt need to sign an ethics pledge so long as hes in the job fewer than 130 days in a 365-day period. As for his potential replacement, Mnuchin has reportedly recommended Joseph Otting, who served as the C.E.O. of OneWest Bankthe infamous subprime mortgage lender turned foreclosure machine that was recently chaired bywait for itSteven Mnuchin.
http://www.vanityfair.com/news/2017/05/keith-noreika-donald-trump
PsychoBabble
(837 posts)TeapotInATempest
(804 posts)This has to stop.
FakeNoose
(32,854 posts)Oh my God he has gone so far over the top now.
The CORRUPTION is never-ending.
tanyev
(42,663 posts)One branch of government is running rampant over authority they are supposed to have, and they aren't the least bit concerned.
Response to ehrnst (Original post)
ymetca This message was self-deleted by its author.
TeamPooka
(24,286 posts)world wide wally
(21,758 posts)Locrian
(4,522 posts)that are the REAL game vs some of the distractions.
We're in a full on takeover of the US by criminals. It remains to be seen what will be left - and that's the BEST case. The worst case is that deals are made, and they KEEP power for a lonnnnngg time.
IronLionZion
(45,615 posts)and DUers were bothered deeply by that.
Trump consistently brings the foxes right into the hen house and has been getting increasingly more brazen with backdoor moves and firings just daring us to do something about it.
benld74
(9,911 posts)N_E_1 for Tennis
(9,794 posts)for us the people to start to take our country back.
Ok so you say vote.. Let's wait till 2018 ... No, no ,no!
We need to do it now and loudly.
Vote with your presence at town halls, city meetings, all that stuff...then let's take it to a larger scale.
We need the "American Spring" ... "The Washington Square" ... Now is the time for action..
notdarkyet
(2,226 posts)yardwork
(61,752 posts)The president has a lot of power.
People who whined about the "lesser of two evils" had no idea what was at stake.
ehrnst
(32,640 posts)yardwork
(61,752 posts)Mr. Ected
(9,675 posts)A businessman who doesn't know how government functions and doesn't want to learn.
A businessman whose ethical standing puts him in Bernie Madoff territory.
A businessman whose actual business acumen is a product of his vast imagination and even more vast piehole.
A businessman that tens of millions of Americans thought SHOULD be running the government.
Until people realize how fundamentally stupid it is to think that a private sector so-called businessman could fulfill the responsibilities of the most important office in the world, we may be subjected to more of this in the future. They deserve the consequences.
WE DO NOT.
Honeycombe8
(37,648 posts)for so long, w/o them being plugged? So that a rogue or possibly foreign puppet President could establish a sort of coup and wrest the government from the other branches?
mercuryblues
(14,552 posts)the days when the republikkklans screamed EXECUTIVE OVERREACH!!! when Obama's Executive Order said that government contractors could not discriminate on the basis of Sexual orientation. Remember when they wanted to impeach him for that? I sure do. now they inhale trump's farts like they are gold dust.
RVN VET71
(2,699 posts)The OCC has always been considered one of the truly plum places for a Federal employee. The workers there are top notch and dedicated to the mission of the Office. It's reputation among the banks and other financial organs it is their job to police is not a positive one -- nor should it be.
I was on a plane once seated next to 2 friendly and affable lawyers. We talked of sports, family, and the weather. A friendly conversation during a 2 hour flight to Chicago. As we lined up in the aisle to de-board at Midway, one of them asked me why I was in Chicago. I told them I had a seminar to conduct at OCC. Their demeanor changed, instantly, and one of them, a touch of anger in his voice, as a man betrayed, asked what exactly I was going to, as he put it (snakily), "seminar about?"
Turns out they represented a banking association and had very bad feelings about "those damned bank examiners." But, it looks like they won't feel so negatively about OCC in the future, thanks to Trump.