Easterners dressed in "cowboy drag" have always amused Texans. Maybe it's the cut of the shirt, the comical tilt to the oversized hat, the delicateness of the scarf, or just "the walk".... Anyway, somehow "it just don't seem right".
Well, NCUA has got its hat on backwards with its continuing misuse of an old FDIC/OTS risk estimation tool: The Texas Ratio. Our cowboys are using it to "shoot up" a lot of CUs and also "to validate and justify" the level of loss reserves at the NCUSIF....... and that misuse is getting ready to become a whole, whole lot more dangerous.
Missing the mark and shooting yourself in the foot ain't all that bad, but the next stray shot will probably hit a good bit higher up. Take a look at this, pardner.