Aug. 10, 2022
August 10, 2022 As I read through this proposal the first words that come to mind are: \"Are you kidding me?\". The OCC wants access to pensions to bankroll their poor risk management skills? So retirement funds of regular people are used as liquidity provisions for wall street? It should be a high priority for the SEC to prevent these types of actions from taking place so the public can safely retire and access the pensions that they worked their entire life to build up. Perhaps the OCC should manage it's members risk enough that they are NEVER overextended. The members themselves must provide the collateral out of their own pockets, so maybe they won't be literally incentivized to bankrupt pension funds. The people are growing tired of privatized gains and socialized losses.