DID YOU HEAR? . . . Riggs Bank

[seemslikeadream]

Monday, June 7, 2004; Page E02

-- Robert M. Garsson Jr., a spokesman for the comptroller of the currency, on federal bank examiner R. Ashley Lee, who oversaw Riggs Bank during the years it violated anti-money-laundering rules. Lee joined Riggs as a vice president just weeks after leaving government in 2002.

http://www.washingtonpost.com/wp-dyn/articles/A21023-2004Jun6.html

Regulator Joined Riggs

The bank examiner in charge of reviewing Riggs Bank operations during the years it violated federal money-laundering rules was hired by the bank just weeks after resigning his government post in 2002. Officials at the Comptroller of the Currency conceded they had been too lenient in overseeing Riggs. But they failed to mention the subsequent hiring of the examiner, R. Ashley Lee, during two days of congressional testimony. Apparently there is no law that prevents Lee from working for banks he once regulated.

http://www.washingtonpost.com/wp-dyn/articles/A17416-2004Jun5.html

Senate Bank chairman seeking Riggs details
By Marcy Gordon, AP Business Writer | June 4, 2004

WASHINGTON -- The Senate Banking Committee chairman is asking for details about the federal examiner who oversaw Riggs Bank during a period of deficiency and later became a Riggs vice president.



R. Ashley Lee was the lead examiner for Riggs in the Office of the Comptroller of the Currency, a Treasury Department agency, from 1998 until he retired in October 2002 and went to work for the bank two weeks later, officials said, confirming a report in Friday's Washington Post.

Panel chairman Sen. Richard Shelby, R-Ala., and Rep. Sue Kelly, R-N.Y., who heads a House oversight committee, were not told of the examiner's status when they questioned Comptroller of the Currency John Hawke and an aide about Riggs in separate hearings this week.

Shelby plans to send Hawke a letter asking for information related to Lee, said his spokesman, Andrew Gray. "We were not aware of this, and he (Shelby) felt that it's something that should have been brought up," he said.
http://www.boston.com/business/articles/2004/06/04/senate_bank_chairman_seeking_riggs_details/

[jus_the_facts]

1. yet more damnin' information that's gettin' swept away into the void.....

....o' RAYGUN's demise...how much more will never see but a miniscule ray in the light o'day? :puke: