Posted: 1/14/2017
Introduction
Few people probably know that such an office exists in Washington, DC. It is one or one too many of several agencies tasked with the supervision and control of the financial sector in the entire U.S..
It is perhaps the oldest such federal agency (established in 1863). This agency never prevented or forecast any of the several, severe financial crisis that plagued the U.S. since its establishment.
Federal Government Overreach Example
I just stumbled across this fine example how the federal government is involved in petty tasks that should be left to the individual states or otherwise.
Why does the OCC have to get involved in accepting an application for and approving of the opening of a single bank branch office of a very local, small bank in Moore, OK? See the Corporate Decision #2001-07 April 2, 2001 May 2001
Incredible! Beats me! How did it come to this in the United States of America!
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