Awaiting The "Second Coming": Are You Listening...?

You really wouldn't try that,
would you??

As most credit union folks know, getting NCUA to listen to reason and common sense is about as difficult as trying to baptize a cat.

If "listening sessions" were so important the first go round, wouldn't it make sense to schedule another series, during the second comment period? Or is all "the listening" over? 

The first RBC rule was simply inept and replete with "amateur hour"-type errors, now readily acknowledged by all as bizarre, downright foolish, just plain silly. 

But there in lies the problem!  So much energy and effort was required to overcome the initial nonsense that the real key issues have yet to be debated, nor "listened to"....  

Such as the rewriting of Congressionally approved statutes through an unchallengeable and seemingly unconstitutional regulatory process;  the arbitrarily imposed "individual minimum capital requirements", rubber-stamped by a poorly orchestrated appeals process, which is in fact a laughable fiction; the redefinition of credit union capital and net worth based on "whim and bias" unproven by either research, nor practical experience; the callous castration of a highly important, perhaps crucial, credit union dual chartering system....

All brought to you again,

 in the "Second Coming", by....

... EXACTLY THE SAME FOLKS WHO WROTE THE FIRST VERSION !!!

America's 100 million credit union members deserve better!