Aug. 09, 2022
August 9, 2022 This proposal proposes that the occ should be allowed to use external non member sources for liquidity. This would mean that people wholly not responsible for the egregious risk management of the occ and the occ members would assume the risk. These non-members include pension funds for hardworking people like teachers and blue collar workers. In simple terms, the OCC wants to sell assets to these unassuming non members that will likely lose massive amounts of value so the OCC can continue to prop up its members. This proposal should not be approved there are no morally sound reasons for this to be suggested or approved. The OCC is a self regulatory agency and as such should demonstrate that they are capable of that privilege. Without accountability for itself and its members what should be questioned is the self regulatory nature of the OCC itself. Accountability is what will motivate its members to perform and take serious proper risk management. Again, this proposal should not be approved in any form. Rest assured there are many eyes on these self regulatory agencies, the world is watching. Weve lived through the results of these failures in our younger years and are very aware of the consequences of inaction. Thank you,