John Dugan, OCC Head: 'Master Of Disaster' Is Banks' Hidden Ally In Deregulation Push

thenation.com:

Of all the architects of last year's financial crash, John Dugan remains the most obscure, despite his stature as one of the most influential. While regulatory errors have made Larry Summers, Robert Rubin and Alan Greenspan household names, most people have never heard either of Dugan or his agency, the Office of the Comptroller of the Currency. But as the chief regulator for the largest US banks, Dugan and his staff are one of the most powerful engines of economic policy in the world

Read the whole story: thenation.com

Comments

[my p0litikal kos]

09:13 PM on 12/28/2009

Good articles 4 slow news day: http://iamned111.blogspot.com

[novoorganum]

04:04 PM on 12/28/2009

“"Interest arises naturally in any community in which private property is unrestricted and theft is punished, because some of the most economical processes of production are slow, and those who have the skill to perform them may not have the means of living while they are being completed. But the power of lending money gives such great wealth and influence to private capitalists that unless strictly controlled it is not compatible with any real freedom for the rest of the population. Its effects at present, both in the industrial world and in international politics, are so bad that its seems imperatively necessary to devise some means of curbing its power."

Bertarand Russell”

[StephenJK]

02:54 AM on 12/29/2009

International Money Changers: Going strong since the days of Jeebus!

[mytradespa]

10:12 AM on 12/28/2009

it's not a recovery until every able bodied American who wants word can find work and we have universal healthcare & affordable education.
good articles: http://iamned123.blogspot.com

GDP figures are nonsense

[mytradespa]

02:18 PM on 12/27/2009

good articles; http://iamned111.blogspot.com/

[joebaggadonuts]

07:43 AM on 12/27/2009

Seems like a very important article. I will watch out for Dugan's re-appointment. We all should watch this story closely. And perhaps read THe Nation more often.

[nogimmicks]

12:45 AM on 12/27/2009

I guess Obama will support Dugan for re-appointment in August, just as he supported Bernanke. More precisely, Obama will rubberstamp whatever Rahm will come up with.

[mytradespa]

03:13 PM on 12/26/2009

good articles: http://iamned111.blogspot.com

[LeeCalif]

12:10 PM on 12/26/2009

He should be crucified.

[Acleacius]

11:44 AM on 12/26/2009

Let's hope this guy is prosecutable, who knows he might be a singer.

[DASChicago]

06:01 AM on 12/26/2009

There is a person who knows this (disease and all afflicted) all too well he's Eliot Spitzer.

[LeeCalif]

12:11 PM on 12/26/2009

Spitzer could stop this. That's why he was brought down by that silly scandal.

[thetake]

04:41 PM on 12/26/2009

Yes, Spitzer knows exactly what's going on and what to do to help bring forth evidence and paper trails but was silenced and removed from power with the sex scandal.

[dadw5boys]

11:06 PM on 12/25/2009

Get the workhorses into to place and keep inside the Government where they work without being seen.

[austin4]

04:37 PM on 12/25/2009

Another Bush hold over continuing the Republican's agenda to ruin the US economy. And the gullible pubic are to naive to see their end result. Which is to reduce the Middle Class to extinction.

[waiteman]

09:33 AM on 12/26/2009

It is amazing no one sees this as the end product and goal of the republican party (and no doubt all the blue dog democrats).

[ManiDeli]

01:41 PM on 12/25/2009

The US govt. is a crime syndicate.

[austin4]

04:01 PM on 12/25/2009

The US govt. is BROKE, BANKRUPT, on the verge Financial Collapse..

[waiteman]

09:39 AM on 12/26/2009

Whose responsibility is that? We the people are responsible for watching our own government. Most people in the United States are too ignorant to figure out they are getting screwed. With the internet people are becoming more aware of what is happening, but you still have to get off your ass and participate. It is up to us to take back our government. Many assumed Obama would be that guy who would at least turn the corner for us - apparently not. The pockets of the most wealthy run deep.

[my p0litikal kos]

11:08 AM on 12/25/2009

hat tip to http://bertreport.blogspot.com

[andycan]

03:06 AM on 12/25/2009

I would recommend he do time along with Madoff.

[bobwalters]

12:49 AM on 03/04/2010

Naaaah. Why waste the money to maintain him in prison? Line him up at the foot of Wall Street with all the bankster/Fed crooks to each take a turn on the guillotine.