Jul. 25, 2022
July 25, 2022 If I understand this proposal correctly, the OCC is asking permission to raid pension and retirement funds of hard working Americans so they can cover their obligations. There is no justice in granting this request, and it makes no practical sense if you are truly trying to protect the public. If funds and banks are having a hard time meeting their obligations, they need to dig in their OWN pockets for the funds. That's what I do as a small business owner when I didn't make enough to cover my obligations. You can't keep closing your eyes to all they are doing and not hold them accountable for their actions. They took unnecessary risks and are losing. Don't make hard working Americans pay the price AGAIN. Find another solution to their problem. If you want to protect them, find a way to do it without hurting hard working Americans. THEY are the ones who need protecting.