Sunday, December 21, 2014

North Carolina Traditions...

Mighty nice peaches!

From The Montgomery (NC) Herald:

Last week the Council Board of the Town of Candor ( "The Peach Capital of the World") declared December 1, 2014 as John M. Thompson Day. John Thompson is an 88 year old, 50+ year employee of the Town of Candor.  The Council also renamed the central town marketplace in Thompson's honor.

Mr. Thompson, a life-long resident of Candor (pop. 839 at last count), dropped out of high school at an early age to help his father farm and has continued to do so, over the years, more as a hobby than as a way of life. He married his high school sweetheart, Ruth, and has been married 64 years. He now has a flock of grand-kids close by.  Thompson is described as "the heartbeat of Candor"!

Only in NC!
John Thompson served in many roles over the years, but said his favorite was as constable-deputy sheriff for the small community.  In fact, he said that in those 50 years he had been "sworn in" by nine different sheriffs. He also noted that some sheriffs were better to work with than others.

When asked what was the difference between "the good and bad" county sheriffs, Mr. Thompson said:  "The bad ones only gave folks two days notice before they came to...

Saturday, December 20, 2014

Walk Softly And Carry A Big Rock......

"Oh, don't worry,
his bite is worse than his bark..."

"Diplomacy is the art of saying "nice doggie" until you can find a rock."

- Will Rogers

Friday, December 19, 2014

Th Other Financial Regulator's Budget....

NCUA's "Peer Group"
Well, the FDIC - the only other provider of federal deposit insurance - has just announced its budget for 2015.  Probably isn't fair to draw any comparisons between the NCUA and the FDIC. 

Credit Union finance class!
After all, the FDIC insures many, much larger institutions, including a couple of banks with individual balance sheets exceeding all the assets of credit unions  combined! And, the complexity level of many FDIC institutions makes even the largest credit unions look like cute, little financial pre-school, kindergarten classes.

Cash flow
at problem banks!
Also,  numerous banks, including the largest and most complex, have created all kinds of problems since the recession; have failed in record numbers; and have been tied up in seemingly endless criminal and civil litigation.  The FDIC has definitely had its work cut out for them in a big way; they've had "a real mess" on their hands!

With all that going on, not too hard to imagine how the 2015 budget for the FDIC  was going to look - right?  Take a look...

Thursday, December 18, 2014

Wisdom: Water Quality

"Next you'll be complaining
about the milk!"

" Always drink upstream from the herd."

Wednesday, December 17, 2014

How Bizarre, How Bizarre...

He's right!
George Will is usually right - far right; but is always acute in his Sunday commentaries for the Washington Post. This week's column (12/14/2014) was titled: "The Plague of Too Many Crimes".  It made me think of the NCUA.

Will's theme was that "Overcriminalization has  become a national plague.  And when more and more behaviors are criminalized, there are more and more occasions for the police, who embody the state's monopoly on legitimate violence, ... to make mistakes."  It made me think of the NCUA. 

Again, this view from a "right-sided" observer!  He also noted that "... more than half of the 3,000 federal crimes are found not in the Federal Criminal Code but in numerous other statutes. And, by one estimate, at least 300,000 federal regulations can be enforced by agencies wielding criminal punishments. It made me think of the NCUA.

He continues that "Society needs laws; therefore it needs law enforcement. But today's political system takes "bizarre delight in creating new crimes" for enforcement."  It made me think of the NCUA.

We live "... in a Country with 5% of the world's population but 25% of its prisoners.  In 2012, 1 in every 108 American adults was behind bars...." The scandal of mass incarcerations partly produced by the frivolity of the political class... is evidence that American government is increasingly characterized by an ugly and sometimes lethal irresponsibility.  It made me think of the NCUA.

As we head into the 2015 release of NCUA's "no-need-for-Congress", "we-answer-to-no-one" RBC self-legislation, with a built in "enough-of-your-stuff", "we-know-what's-best-for-you" internal, non-public appeals process ("all-in-one"!! ... prosecutor-judge-jury- and, potentially, executioner!!)... 

Hope you too will think about NCUA ...

Tuesday, December 16, 2014

Interest Rate Risk Update...

"Little Chicken"


... as we await the Fed's next move!!!

                               1/02/2014          11/19/2014          12/15/2014

 5-yr            1.72%          1.66%         1.58% 

 7-yr            2.41%          2.07%         1.90%

10-yr           3.00%          2.36%          2.12%

30-yr          3.92%          3.08%           2.74%

       Don't know 'bout you, but if these rates go any "higher", think we're all going broke!!!

Thinking A Head...

A new level of intelligence!


"Artificial intelligence (AI) systems will cater digital communications to the individual far better than the mass communications from banks delivered in the past. AI will permit us to have a "market segment of one" that is individually catered to that one customer. That is highly personal."

That final phrase sure convinced me that:

Yes, many b-oinkers can easily and productively be...

Monday, December 15, 2014

North Carolina Traditions....

Still important in North Carolina...
North Carolina has a rich history of civil disobedience, which, in and of itself, is quite an intriguing phrase; because much of our disobedience has been anything but civil!

One way that North Carolina celebrates those most important happenings in our history - including "uprisings" against unbridled authority - is by deploying roadside historical markers.  

Qualifying for historical marker status in North Carolina is not an easy task; it is a highly selective process. Recommendations are closely vetted; only the key, significant milestones in North Carolina history pass muster.       

Let me show you one of our most interesting North Carolina historical markers...

Sunday, December 14, 2014

Real Life...

Simple Madness...


- Alfred E. Neuman

(Yep, he's got us all pegged!)

Saturday, December 13, 2014