Lords of Death Forums Lords of Death Forums LoD General Discussion WaMu

i think it all depends how the banks are organized and what charter they have....i could be wrong (this is not my area, im a capital markets guy) but i THINK that the FDIC has oversight on Federal Banks and companies organized as commercial banks...i THINK the OTS manages banks under state charters (state only banks not cross state line banks), thrifts institutions and co-op banks
**EDIT**
i looked at the OTS site and found this...
"In 1989, Congress passed a law that dramatically restructured the banking business, moved deposit insurance for savings associations to the Federal Deposit Insurance Corporation and established the OTS to supervise, charter and regulate the thrift industry"
**EDIT 2**
After deeper digging, looks like they supervise while the FDIC manages and insures....after reading this:
OTS is unique among the federal bank regulatory agencies in that it supervises holding companies as well as thrift institutions. This results in OTS providing consolidated supervision for such well-known firms as General Electric (GE), AIG, Inc., Ameriprise Financial, American Express, Morgan Stanley, Merrill Lynch and Lehman Brothers. OTS's consolidated supervision program for GE, AIG Inc., and Ameriprise has been recognized as "equivalent" by the European Union ? allowing these firms to operate their financial businesses in the EU without forming an EU holding company and submitting to supervision in the EU.
we sure we REALLY want them to take over anything?
haha