Better Late Than Never for Archbishop Gomez on Handling Cardinal Mahony

By: Friday February 1, 2013 7:48 am

Roman Catholic Archbishop José H. Gomez shook the Catholic world yesterday by imposing unheard-of sanctions against his predecessor, Cardinal Roger Mahony for Mahony’s actions to shield predatory priests from accountability during his years as the head of the Archdiocese of Los Angeles. In most of the coverage, this was rightly hailed as a strong action to advance the cause of justice, and to provided at least a measure of accountability even though criminal liability is probably not possible because the statute of limitations has probably expired. The coverage misses one very negative aspect of Gomez’ actions, however.

 

OCC’s Chief Counsel, Julie Williams, Resigns, Heralding Possible New Era at Bank Regulator

By: Tuesday August 14, 2012 8:00 am

Believe it or not, we may have gotten a better retirement yesterday. Julie Williams, the longtime friend to the banks at the Office of the Comptroller of the Currency (which I call the Office of Bank Advocacy), is retiring after 19 years. Williams, the chief counsel at OCC, led the way on pre-empting state consumer protection laws during the housing bubble, and oversaw the implementation of the sham foreclosure review process.

Low Regulator Assertiveness Part of Problem With Mitigating Financial Risks

By: Tuesday June 12, 2012 11:00 am

Jamie Dimon testifies before the Senate Banking Committee tomorrow, and this Bloomberg report alleges that he was personally responsible for keeping regulators at bay from the chief investment office, the one responsible for all the Fail Whale losses, which could reach past $5 billion at this point.

Recapping Thursday Action in Congress – There Was Some!

By: Friday March 30, 2012 6:50 am

Let’s briefly recap Congress’ busy day yesterday, as they head out for a two-week recess (Spring Break ’12 Cancun?).

Financial Regulatory Appointments Eyed by White House

By: Saturday June 11, 2011 7:52 am

The White House appears finally ready to make a number of financial regulatory picks, readying nominees to replace the heads of the FDIC and the OCC, who have left or are in the process of leaving.

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