Office of Thrift Supervision: Difference between revisions

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   |title=Records of the Federal Home Loan Bank Board (FHLBB)
   |publisher=[[National Archives and Records Administration]]
-  |access-date=22 November 2009}}</ref> or renamed, the independent Federal Home Loan Bank Board to the Office of Thrift Supervision and placed it under [[United States Department of the Treasury|Department of the Treasury]] supervision.<ref>{{cite news |title=Nominee Seen for Top Savings Regulator |first=Nathaniel C. |last=Cash |newspaper=[[The New York Times]] |date=9 March 1990 |url=https://www.nytimes.com/1990/03/09/business/nominee-seen-for-top-savings-regulator.html |access-date=27 November 2009}}</ref> On 22 March 1990, in a setback to the George H. W. Bush administration, Federal District Judge [[Royce C. Lamberth]] ruled that OTS appointments of the former director and acting director, [[Danny Wall|M. Danny Wall]] and [[Salvatore R. Martoche]], had been unconstitutional because they were not nominated by the President and confirmed by the [[United States Senate|Senate]].<ref>{{cite news |title=Setback for Bailout and Savings Regulator |first=Nathaniel C. |last=Cash |newspaper=The New York Times |date=22 March 1990 |url=https://www.nytimes.com/1990/03/22/business/setback-for-bailout-and-savings-regulator.html |access-date=22 November 2009}}</ref>
+  |access-date=22 November 2009}}</ref> or renamed, the independent Federal Home Loan Bank Board to the Office of Thrift Supervision and placed it under [[United States Department of the Treasury|Department of the Treasury]] supervision.<ref>{{cite news |title=Nominee Seen for Top Savings Regulator |first=Nathaniel C. |last=Cash |newspaper=The New York Times |date=9 March 1990 |url=https://www.nytimes.com/1990/03/09/business/nominee-seen-for-top-savings-regulator.html |access-date=27 November 2009}}</ref> On 22 March 1990, in a setback to the George H. W. Bush administration, Federal District Judge [[Royce C. Lamberth]] ruled that OTS appointments of the former director and acting director, [[Danny Wall|M. Danny Wall]] and [[Salvatore R. Martoche]], had been unconstitutional because they were not nominated by the President and confirmed by the [[United States Senate|Senate]].<ref>{{cite news |title=Setback for Bailout and Savings Regulator |first=Nathaniel C. |last=Cash |newspaper=The New York Times |date=22 March 1990 |url=https://www.nytimes.com/1990/03/22/business/setback-for-bailout-and-savings-regulator.html |access-date=22 November 2009}}</ref>
 In 1992, under Director T. Timothy Ryan, the OTS aggressively shut down troubled Savings and Loan (S&L) outfits, and was criticized by the industry and industry lawyers for not allowing some S&Ls that might survive to have a chance.<ref>{{cite news |title=Thrift Office's Eager Terminator |author=Leslie Wayne |newspaper=The New York Times |date=21 January 1992 |url=https://www.nytimes.com/1992/01/21/business/thrift-office-s-eager-terminator.html |access-date=22 November 2009}}</ref> Ryan contrasted the OTS cleanup of the S&L industry to the former situation.