So, let's tip-toe forward on the examination of NCUA's "management" of the $13 billion share insurance fund - the NCUSIF. Keep in mind as we move forward Chair Metsger's firm, committed declaration that the NCUA Board has a fiduciary responsibility to manage the NCUSIF prudently - with "the highest standard of care".
|"What the... FED"?!|
Of course, it's easy to have 20-20 hindsight, but investing $800 million in long-term treasuries in the last 90 days does not meet even an amateur's definition of "the highest standard of care", i.e. fiduciary responsibility.
But clearly, given 1) the FED's "loud proclamation" of imminent rate increases, 2) the results of the November election, and 3) the confirmation provided by economic data of a surging U.S. economy; you at least wouldn't ...