Better watch your step!
One thing you can say about NCUA's "robust" capital market specialists is they are "magnificent"! In the sense that when they get it wrong, the capital markets folks generally get it magnificently wrong! Their work on the Corporates was an expensive example of the quality and depth of their expertise.
Here's another classic example….
|All they had to do was|
"Get On The Bus"!
But even with a well fought out RBC model
|High risk !!!|
At least, so says NCUA !
Under bank RBC standards, the risk weight for the FED is (even a 3-year old could guess this one!) 0% !!!
MAKE SENSE TO YOU?
Don't wait for "never"…