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Banks are complicated, and especially in this age of too-big-to-fail, they often house a number of thorny practices under one roof – practices that, as we learned the hard way in the fall of 2008, can be difficult to regulate.
When the Dodd-Frank Act was passed a year ago, lawmakers and citizens hoped it would usher in a more robust and effective system of oversight. The law created several new regulatory agencies to deal with the challenges of keeping the most complex financial industry in the world in check. These intricately named agencies include the Financial Stability Oversight Council and Consumer Financial Protection Bureau and join a lineup that already boasts the Office of Thrift Supervision and Bureau of Competition.
The convoluted system was made more so, and today it can be nearly impossible to keep track of who exactly is overseeing what.
To help decode this web of oversight, The Fiscal Times created this infographic, “Who’s Watching the Banks?” to illustrate which agencies – and which agencies within agencies – keep an eye on which aspects of the financial industry.
Source: Fiscal Times
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Well isn’t that just a big old stink wad of crap, all by design, very good job they have done with the stolen money from so many hard working people for years and years…very impressive if I must say so, isn’t it amazing what an evil mind can do to so many nice as well as lowly people, or sheeple or whogivesaCarppers out there, so many can or will not see it for what it is. I truly hate to see so many hurt by this, very very concerning. Some will wake up most will not …again by design as they have groomed for many for years to be idiots. Getting a lawyer to “Help” is like adding to the funds to continue the raping and pillaging (“contractual law” hummmm), I think I will go puke now as this vile feeling is growing and I do so need to be rid of it.
Mike!!! Thank you for the ” in your face slam”, we truly need it , appreciate your hard continuous work. Would love to shoot you a vacation but I am trying to grow food to squelch the thievery BUT my heart is always with this site as it is most important to know what is happening as we stumble through our rough lives just to exist in this pitiful downfall of humanity. Again Thank you!! I am enlightened