Banking

Banking Banking Industry So Much for That Plan One such(prenominal) intention was introduced by Treasury Secretary Lloyd Bentsen in bump into of 1994. The propose called for folding, into a new independent federal assurance (called the Banking Commission), the restrictive portions of the Office of the Comptroller of the Currency (OCC), the Federal hold hold up Board, the Federal Deposit Insurance Corporation (FDIC), and the Office of tightfistedness Supervision (OTS). This plan would save the government $150 to $cc million a year. This would also allow the FDIC to concentrate on deposit insurance and the Fed to concentrate on financial policy (Anonymous 88).

Of course this is Washington, not The Land of Oz, so everyone cant be satisfied with this plan. Fed Chairman Alan Greenspan and FDIC Chairman Ricky R. Tigert have been forthright opponents of the plan. Greenspan has four major complaints about the plan. First, divorced from the banks, the Fed would chassis it harder to forestall and deal with financial crises. Second, monet...If you want to get a full essay, order it on our website: OrderCustomPaper.com

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