OCC | Acting Comptroller John Walsh Talks About Securitization and Derivatives at the American Securitization Forum

Acting Comptroller of the Currency

John Walsh became acting Comptroller of the Currency on August 15, 2010.

The Comptroller of the Currency is the chief executive of the Office of the Comptroller of the Currency (OCC), which supervises approximately 2,000 national banks and federal savings associations as well as 50 federal branches and agencies of foreign banks in the United States. These institutions comprise nearly two-thirds of the assets of the commercial banking system. The Comptroller also is a director of the Federal Deposit Insurance Corporation and NeighborWorks® America.

Mr. Walsh joined the OCC in October 2005 and previously served as Chief of Staff and Public Affairs.

Prior to joining the OCC, Mr. Walsh was the Executive Director of the Group of Thirty, a consultative group that focuses on international economic and monetary affairs. He joined the Group in 1992, and became Executive Director in 1995. Mr. Walsh served on the Senate Banking Committee from 1986 to 1992 and as an International Economist for the U.S. Department of the Treasury from 1984 to 1986. Mr. Walsh also served with the Office of Management and Budget as an International Program Analyst, with the Mutual Broadcasting System, and in the U.S. Peace Corps in Ghana.

Mr. Walsh holds a masters in public policy from the Kennedy School of Government, Harvard University (1978), and graduated magna cum laude from the University of Notre Dame in 1973. He lives in Catonsville, Maryland. He is married with four children.

Remarks by John Walsh Acting Comptroller of the Currency before the American Securitization Forum Annual Conference below…

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4closureFraud.org

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Remarks by John Walsh

Comments
24 Responses to “OCC | Acting Comptroller John Walsh Talks About Securitization and Derivatives at the American Securitization Forum”
  1. Sam Franks says:

    Obama needs to be thrown out of office, I can’t believe the pure hostility that came out of his mouth:
    “You knew you couldn’t afford it”. Oh really? Is that what the Mafia told us when they took 100Ks of our money and then on top of it our houses? This is very near to violence towards the American people, after what we’ve seen people taking their own lives, people losing their life savings, losing homes they’ve lived in for years – and this crook has the gall to blame them. Unbelievably tragic.

  2. Fury says:

    were ted bundy, charles manson and al capone merely “reckless?”

    wall street and the banks are not reckless. they are highly skilled at their criminal enterprises.
    they are the masters of the Con Game. they are sophisticated con artists.

    • lvent says:

      They are financial psychopaths…greedy evil bastards…they are far more dangerous than. Bundy or Capone….their debt cartel threatens to destroy this entire nation!

      • Fury says:

        they truly are, Ivent.

        an eerie thing was that one of the ads just popped up for Lehigh Acres foreclosures.

        one of our close family freinds lost her homes to fraud in Lehigh Acres (florida).

        i have no interest in what obama read off the teleprompters tonight.

        i voted for him and i was betrayed.

        i am ready for a 3rd- party candidate — bernie sanders, one of the OWS stalwarts.

        anyone who will work for the People.

        obama, schumer, nadler—out!

      • lvent says:

        I like Bernie too..! How about Eliot Spitzer too..he really gets it….! Just got news the State AG is coming down on buy here , pay here car dealers..Some might say good they charge too much interest and blah, blah…..not all true..they are not all bad many are fair and allow people who the banks wont lend to….to buy a car they would otherwise not be able to afford…The State AG is saying UNFAIR TRADE AND DECEPTIVE PRACTICES…THESE CAR DEALERS ARE NOT BANKS….!!! This will put more small dealers out of business and people who cant get credit from Banks to buy cars to get to work or run their kids around shit out of luck..! They are destroying the little guy!…under the guise of lies….The reason GM needed the bailout was they were gambling on car loans…same thing WALL STREET did with the mortgage notes..they are the crooks…!

  3. lvent says:

    I gave in and watched the State of the Union address…..Again Obama called Wall Street reckless…but at least this time he stated the fact they were gambling recklessly with other peoples money though stopped short of saying what they did was criminal…I think I heard him say they need to be held accountable……he is now talking REFIS again…save 3000 a year on the mortgage…bullshit…they are recycling an insolvent debt that can never be cured…Obama also blamed the banks for selling people homes they could not afford..BULLSHIT…THIS ALL HAPPENED BECA– USE WALL STREET AND THE BANKS COMMITTED 700 TRILLION DOLLARS IN COLLATERAL MORTGAGE FRAUD….HOLDER WAS GIVEN THE GREEN LIGHT TO INVESTIGATE FAULTY LOAN PACKAGING..I bet he wont find jack shit in the fraud department..we will see..The fat cats are going to cry foul and say THE GOVERNMENT APPROVED THESE SACKS OF SHIT….RMBS’s and MBS’s……and other FRAUDULENT pigs and crap derivatives… Nothing is going to change until the Wall Street Casino is shut down and the banks are held accountable for all of their debt fraud…DEBT THAT CAN NEVER BE REPAID NO MATTER HOW MANY TIMES THEY RECYCLE THE BAD DEBT OF THESE CRIMINAL INSTITUTIONS..!

    • lvent says:

      Tell the truth Obama..The middle classes are all being held hostage by trillions in debt fraud committed by the BANKS/WALL STREET..THEY NEED TO BE TOLD TO EAT IT ALL..THEY ARE BANKRUPTING AMERICA…THERE IS NO PUTTING LIPSTICK ON THESE HOGS…..THESE HOGS NEED TO BE SLAUGHTERED!! OBAMA YOU MUST STOP RECYCLYING THE MASSIVE BANK FRAUD …IT IS UNSUSTAINABLE!!!!! SHUT THEM DOWN!!!!

      • lvent says:

        Obama is a Corporate America shill..,..he wants all Americans working on WALL STREETS DEBT SLAVE PLANTATION….MAKE WALL STREET AND THE BANKS PAY THE NATIONAL DEBT..THEY CREATED IT..! NOTHING HERE FOR THE MIDDLE CLASSES BUT DEBT SLAVERY…DONT BE FOOLED INTO VOTING GINGRICH OR ROMNEY…THEY ARE WORSE..IM WRITING IN RON PAUL….2012..!

      • Katheryn says:

        I’m doing the same. The rest are either worthless or clueless to the plight of the middle class. As I say though, they are too short sighted as the middle always holds up the two ends. What happens when you remove the middle…oops!

      • lvent says:

        A nation enslaved with debt fraud is not free..!

  4. Kim Bui says:

    President fraudclosure still blames homeowners. IMPEACH!

  5. Jeff Bensonhurst says:

    Listen closely to Oforeclosure’s speech tonight andf decide for yourselves whether the country is now entirely under control of corrupt mobsters.
    This is the same failure that defeated cramdown. This is the same failure who crafted HAMP as a way to help banks. This is the same corrupt fool who blamed homeowners. Bankster administration of pigs like Summers, and Geithner. NOT IN MY COUNTRY YOU MOTHER F%^KERS!

  6. Jeff Bensonhurst says:

    Hmmm, I wonder if Walsh provided details to “Fannie F&*ked” homeowners who would like to prove securitization, and use it as a powerful weapon against the owner/ruler class.

  7. Steve Dennis says:

    Beau Biden bails out of amnesty for financial terrorists, can one percenter Doug Ganlser be persuaded to do the same?

  8. Beth A. says:

    Hmmm, I’m still wondering about the supposed entity/tax fraud investigation that the AGs of DE and NY were looking into.

    I find it more than interesting that out of thousands of trusts — so many of these babies were created, filed with the SEC, sold to investors – then magically within one year – these trusts virtually disappeared….they filed their exemption forms with the SEC which indicated they were no longer under SEC reporting requirements because the trusts had (again, at or around the one year point) fallen before the required reporting level. WHAT happened to all of the “investors”?

    More interesting – if one pulls up the IRS data on these trusts – it exists for a few of the years but 2007 is not available. Hmmm. Our mortgage was in a 2007 trust and I’d sure like to learn more…what is the big secret, hmmm? There is far more to this – and it runs so deep — too scary. I’m a compliance “geek” by trade it this boggles the mind.

    • lvent says:

      the trusts were their own personal trusts..where they collected investor money ….those trusts are empty..they hid all of their ill gotten gains overseas..

  9. Really Pissed says:

    John Walsh became acting Comptroller of the Currency on August 15, 2010. This was after lobbyist John Dugan, coiled away and went through the revolving door back to Covington Burling, the BANKSTER lawfirm!

    • Steve Dennis says:

      Dugan participated in a criminal conspiracy. allegedly. The challenge now is to substantiate these allegations.

  10. Cove Burlson says:

    Another corrupt, stooge riddled agency that acts to redistribute money from ordinary workers to the 1 percent, they do NOTHING as millions lose/lost their houses to financial predators. OCCUPY! PAY YOUR DEBTS TO AMERICAN SOCIETY OCC!!! OCCUPY!

  11. Katheryn says:

    As usual, the same double speak and a whole lot of nothing. Protect the theives at all costs. “We just need more protections and oversight in place”. Same old same old, the wolves guarding the hens. The hens will be fine, we just need a few more wolves to watch over them.

  12. lvent says:

    The U.S. taxpayer is the first position lien holder…our lien is on the Banks who created $700 TRILLION in fraud overselling interests in the notes to investors around the globe..with no collateral backing that up…using OUR DIGITAL SIGNATURES…THEY OWE THE U.S. TAXPAYERS HUNDREDS OF TRILLIONS IN ILLGOTTEN GAINS PLUS THE BAILOUTS AND THE STOLEN U.S. TAXPAYER HOMES AND BUSINESSES!!! PAY UP YOU DIRTY CROOKS!!!!

    • lvent says:

      Everything is the opposite of what we were told to believe….we would not have the warranty deed and owners policy to our homes unless they we owned them free and clear…you cant get to that deed if there is a legally enforceable lien…!

  13. Freddie Marvin says:

    Would the Government please open Fannie Mae/Treasury Departments trove of yet unrevelaed information?
    The rich and the powerful still have their boots on homeowners necks, and Walsh is another butler.

    • Bobbi Swann says:

      We have an old saying the mortgage industry when putting a file together for an underwriter: “Garbage in; garbage out! This applies to John Walsh very well indeed.

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