Aug. 09, 2022
August 9, 2022 I am growing increasingly tired of what seems to be the SEC's indulgance of ideas that appear to be for the benefit of large corporations pushing the responsibility of their actions on to someone else. It seems as though SR-OCC-2022-803 is asking for permission to allow OCC members to not be held responsible for the investment finagaling they've permitted themselves and frankly this organization has permitted themselves to get caught up in. They now seem to be pleading to be allowed to access other sources of capital, instead of having to pay the consequences for mislocating their own to fiscally irresponsible and moraly decrepid areas of finance. With crumbling confidence in the United States market, more eyes abroad are looking at removing their capital. OCC Members now seem to be asking this portion of the government to basically write them another pass, and repeat the disasterous leniancy shown in 2008 to the same players, which of course worked out so well the last time, and su rely they won't mess up our capital markets again, and surely it won't be a economic and political disaster as it was then. And because this seems to be a bit slow on the uptake, that last was sarcasm. Please don't be party to further weakening faith, infrastrature, responsibility of the capital and trust that remains in our systems by letting this pass if these perceptions of the proposed action are true.