It would appear the Agency's definition of respect and cooperation is much the same level of courtesy as maintained between dogs and fire hydrants...
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| NCUA sure seems to enjoy keeping a "leg up" on credit unions these days..... |
Saturday, March 17, 2012
Mutual Respect ....
"Well most certainly the Agency has a basic level of respect for state-chartered credit unions and state law...."
It would appear the Agency's definition of respect and cooperation is much the same level of courtesy as maintained between dogs and fire hydrants...
It would appear the Agency's definition of respect and cooperation is much the same level of courtesy as maintained between dogs and fire hydrants...
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16 comments:
Would you consider running for President??
Don't you think we have enough crises to deal with already without adding...?
Jim ... do you believe that unintended harmful consequences and hardship to innocents, that results from the exercise of a right to which an individual truly feels entitled, produces an obligation to that individual(not legal ... we'll say a moral responsibility) to mitigate those damages to the extent possible ... even if the individual must temporarily sacrifice his right?
Say for example (since we're just past MLK,jr Day), if Dr. King suggested that segregated buses in Birmingham were morally suspect - and that results in the police releasing the dogs on innocent marchers - then Dr. King should have ceased calling for change?
Doesn't this endorse the use of dogs - and provide support for future attacks on the innocent - by their "handlers" ?
Dr. King was responsible for unleashing the dogs? He committed the crime?
You support "the dogs" ?
5 NOs to your questions to my question ... but nice use of an inflammatory analogy my friend. Pursuing your analogy requires an ability to nuance a reply beyond my capabilities ... so I will not try lest it should blow up in my face.
I'll only point out that my use of the term "innocents" refers to those who did not make a choice to participate in "the cause" and who are caught up in the "attacks" by virtue of NO actions of their own.
But back to my question ... I'll rephrase it more concisely. Is there a point where the collective damage and cost to innocents is of greater importance than the benefits to the individual? If so ... If so ... once that is recognized as being the case, what is the responsibility of the individual?
Let's see how many small state chartered CUs end up liquidated or merged as a casuality of transparency. And, will they have even cared about your passions? If that happens, will you care?
Why can't you fight your battles and leave us out of it? Is that too much to ask?
Jeff, keep asking, 'cause I'm with you - this has nothing to do with CAMELS in my opinion. That's an issue that has been "manufactured" to obscure "a much larger problem". The "problem" until addressed is a threat not only to NC state chartered CUs, but to CUs in every state - of both charters. But don't take my word for it, look to the GAO, internal & external auditors, the whole corporate mess, the recent Board appointment process snafu, and the size of the checks you have written over the last 18 months - even though you were "innocent". It is convenient for "the problem" to create a "tempest in a teapot" to distract your attention from "the real problem". Did the NCCUD create any of the above problems? Were any of those problems caused by a CAMEL rating that was released?
Keep asking Jeff so we can work on where "the problem" actually lies that we all need to address....
By the way, if you decide to jump off the roof.... can I have your dog? Not trying to rush you or anything, just want to let you know your dog at least will be taken care of...
As Jeff has asked: Who is penalizing you? What did you do to deserve "their" penalty?
How do "they" justify penalizing you unfairly? Have you asked "them"? What did "they" say? Do you believe "them"? It would help the rest of us to hear what "they"told you.
By the way, you can read the full letter from Mr. Yolles here: http://jbcu.files.wordpress.com/2012/01/ncuajan.pdf.
We must all hang together, or assuredly we shall all hang separately - Benjamin Franklin
Jim - You should know that you have the support and admiration of many people for the courage you have shown but some of us to remain anonymous for the moment!
Thank you! But, shall we say the support is a "bit less" than unanimous...OK, OK, so maybe it's actually a lot less than unanimous....
"On remaining anonymous".......understand the fear that is created when you witness the repeated, arbitrary abuse of authority that remains unanswered by our designated leaders. Our leadership seems to be channeling British Prime Minister Neville Chamberlain who famously returned to London in 1938 to announce he had negotiated "peace for our time" with Adolph Hitler by agreeing to sellout the Czechs. Appeasement didn't work too well for Mr. Chamberlain nor the people he represented.....bowing to a bully never does. Shame on leaders who repeat the mistake ... their "silence" endorses, encourages .... and shames us all.
In Birmingham in the 1960's , TV footage of the dogs ripping the innocent with abandon finally drove a silent citizenry to overcome their anonymity .... Hope as you watch the coming lynchings of many small state chartered credit unions in NC_- which both the noose wielders and our designated leaders fully acknowledge are totally innocent - you will consider moving from anonymity to outrage...
The dogs won't stop until you do....
My last thoughts on this issue (probably) ... not all parties to this dispute have chosen to speak yet ... while the assertions of some are clear, not all of the facts are know with certainty. To take up Jim's distasteful analogy ... again ... who wields the noose here? Who controls the dogs? Who ARE the dogs? Lots of questions and lots of opinions ... no definitive answers yet. Jim's answers to each of these questions is clear ... NCUA. I say maybe. There are other possibilities. There may still be room in the kennel for other dogs ... large and small.
As for anonymous comments ... if you express an opinion, put your name on it!
Guess y'all should know that Jeff sent me a picture of his dog yesterday. But, then he told me his wife's future boyfriend had already indicated he'd take the dog too if Jeff decides to take the plunge.....guess we really are gonna have to find a new analogy.... This one has literally gone to the dogs....
Jim's screen face is a donkey ... our family has horses ... guess there's always a way for reasonable people to find common ground!
Had several folks from around the Country ask: "Who is this Jeff Jones?" Jeff is the CEO of Freedom FCU (like that name don't you!) located in Rocky Mount, N.C. Jeff has also worked at larger Cus like Coastal FCU. During his extensive career, Jeff has held every leadership post in NC and several on the national level. Very knowledgeable, conservative (too much so! in my opinion), thoughtful, trusted. Jeff currently serves on the NC CU League Board which is having to consider "what next" about what has occurred in NC to all state chartered CUs. A great part of the problem with the discussion is the lack of availability of information in an open forum. Folks can't understand why this has occurred and where the truth lies. Lot's of room for suspicion, rumor, innuendo, personalities, and a little "old score settling" and a strong dose of the weakest parts of our human natures!
The discussions have started with the NC League. What I'm hoping for is that they will declare this incident a "crime scene" - since we all , including Mr. Yolles, have agreed that the state chartered CUs are unquestionably innocent victims - and then pursue the truth by forcing the dialogue into the public arena. Believe Jeff and others will see that this occurs. I would hope that other trade association leaders would also step forward (this is not just a local issue, nor just a state chartered issue) to help by acknowledging the crime scene and by decrying the unfairness to innocent victims... but given recent history, I'm not too optimistic......many of these folks "lead" on an accounting principle basis: LIFO - last in, first out.
As for Jeff, he'd much rather be working with his 17 year old old son who has developed into a pretty sharp second basemen, but then "somebody" has to deal with this crime scene... and Jeff has always been somebody in NC.....(if he just weren't so conservative and hard headed...!!)
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