Aug. 01, 2022
OCC is requesting permission to do an additional $2.5 billion and also to remove the cap so that the OCC can tap the pension funds for as much as they want without asking again. A good sized chunk of that $35 Trillion in pension funds is government backed by state and local government meaning taxpayers ultimately foot that bill. As a local government employee with a State sponsored pension, I am not impressed with this proposed rule change. It is not my fault if Wall Street can't get their act together. I am uninterested in funding their [redacted] ups. They can feel the effects of the "Free Marketand pull themselves up by their bootstraps. Maybe cut back on the avocado toast, and the Starbucks. Amanda Reaman