1 occ regulates national banks federal us branches

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1. OCC regulates National Banks, Federal U.S. Branches and Agencies of Foreign Banks 2. OTS regulates Insured Federal Savings Associations, Savings Association Holding Companies. 3. NCUA regulates Federal Credit Unions c. Who sets reserve requirements? Federal Reserve. Board of governor. d. Why is financial regulation so complex? Because there are so many different types of financial institutes, and there are limited man power to set the regulation against them. 3. To hear a synopsis of the current credit crisis, go to www.thislife.org/Radio_Episode.aspx?sched=1242 .
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Listen to the radio show This American Life entitled "The Giant Pool of Money" on May 9, 2008, (#355) and then answer the following questions: a. What is the global pool of money? How much was it? It’s the world investments - pension funds, investing for people's retirements, insurance companies investing your premiums, government central banks investing the wealth of nations. b. How did the global pool of money contribute to the credit crisis? What we are talking about here is that between the year 2000 and the year 2006 the total amount of liquid assets in the world doubled. As the segment states, the "global pool of money" was about $36 trillion in 2000. This "global pool of money" took hundreds of years to be amassed. This is the pool of liquid assets that accrued throughout the world during basically the entire history of civilization. Between 2000 and 2006 that pool of money doubled. Why did it double so quickly? Largely because of increased economic development in emerging economies, namely China and India. Not only did emerging economies contribute to exponential global economic growth, but people in those developing countries were also big savers, often putting as much as 50% of their incomes into savings. These savings then became a part of the global pool of assets seeking investment. While the American economy was on a slight downturn and while Americans were going deeper and deeper into debt, the rest of the world was rapidly accruing assets and banking huge levels of collective savings. As American savings dipped into the red, the rest of the world was going heavily into the black. As this happened, the rest of the world looked to America as a safe place to invest their savings. For the past 100 years America has been seen as one of the safest places in the world to invest your money. In order to
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