Occ Quotes

BEDE. But though there were four Evangelists, yet what they wrote is not so much four Gospels, as one true harmony of four books. (non occ.) For as two verses having the same substance, but different words and different metre, yet contain one and the same matter, so the books of the Evangelists, though four in number, yet contain one Gospel, teaching one doctrine of the Catholic faith.

We were supposed to keep tabs on the institutions as a whole, but by law we had to defer to the primary supervisor, in those cases the OCC for their commercial banks and the Securities and Exchange Commission for their investment banks. The Fed also shared responsibility for the U.S. affiliates of foreign banks with state regulators, as well as home-country supervisors in London, Zurich, Frankfurt, and around the world. These divisions of labor evoked the parable of the blind men and the elephant, with nobody accountable for seeing the full picture of a corporation, much less the interconnections of the entire system. This glut of watchdogs with overlapping

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