|Chief Legal Eagle|
Don't know Mr. McKenna on a personal basis; but would assume from his resume, background, experience, and current position, that he is probably the # 1 U.S. expert on the Federal Credit Union Act (FCUA) and the rules and regulations controlling federal credit union supervision - or should be!
After all, he has spent a lifetime focused specifically on credit union statutes and rules; has helped draft and craft many of those laws; and is intimately familiar with the logical subtleties and historical compromises underlying their promulgation.
|"RBC"(Ringling Bros. Circus)|
Three questions come to mind when listening to the legal arguments:
1.) What is Mr. McKenna's , the #1 U.S. FCUA expert, opinion on the legality of RBC?
2.) Why would Chair Matz feel compelled to pay an outside law firm $150,000 "to do my own due diligence", when she had Mr. McKenna sitting down the hall?
3.) Given that extraordinary $150,000 outside legal expense, can you determine which of the following is...