It‘s Our Money with Ellen Brown - The OCC

The OCC

 

That acronym is not well known by many Americans even though it represents one of the most critical functions of our federal monetary system.  The Office of the Comptroller of the Currency, the OCC, is the manager of our system of "national banks" which comprise two-thirds of the banks in the country managing assets of about $14 trillion dollars.  As an independent bureau of the Treasury department, it oversees an industry that at times seems to go its own way with risky bank behaviors. But the OCC may be acquiring a tougher posture if President Biden’s nominee for its Director, Saule Omarova, is approved.  Our guest, Dr. Robert Hockett, is a close associate of Omarova and sees indications that we may be entering a new period of support for the public interest in our federal financial institutions.