+Economy & Policy | 1246 days ago

The last days of the Office of Thrift Supervision (and of the theory of regulatory competition?)

By Justin Fox

The top West Coast regulator of the Office of Thrift Supervision has been removed from his job while the Treasury Department’s inspector general looks into some weirdness surrounding backdated capital infusions into since-failed thrift IndyMac. Add that to the demise of the biggest savings institution regulated by OTS, Washington Mutual, the loan troubles inherited from [...]