I don't think that it's a coincidence that AIG bought a small federally chartered thrift, or established a small federally chartered thrift, in order to get under the regulation of the Office of Thrift Supervision, OTS, which is generally viewed as being a weaker regulator than the Comptroller of the Currency.
Susan Collins: “I don't think that it's a coincidence that AIG bought a small federally chartered thrift, or established a small…”
On the recordJune 8, 2009
Source
congress.govEditor's note · Context
Discussing regulatory shopping by financial institutions to avoid stricter regulations.
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