I do support merging OCC and OTS.
We need to preserve our dual banking system.
It's clear that we need to end charter shopping, where institutions look around for the regulator that will go easiest on them.
I hope not. I do not think many of the detractors of the current independent consumer agency proposal would continue to oppose the legislati...
What we are trying to do here is fashion, obviously, a piece of legislation that comprehensively deals with all of this, and the hope is we ...
I again want to commend you, your colleagues, and the Committee staff for the serious way in which you have attacked this national problem.
Let me interrupt here. I want to make sure I get Senator Bennett in before the vote.
I really do not see that as a symptom of the fact that you have four different regulators overseeing different charters for FDIC-insured ins...
That shouldn't govern what decision is made.
The most common argument is not that it's a bad idea--it's that consolidation is too politically difficult.
Last week I suggested further consolidation of bank regulators would make a lot of sense.