FROM THE OCTOBER 2014 ISSUE OF
THE NCUA REPORT
Found the following to be weird enough to make this blog!
(And that's pretty weird - right!?)
(Oct. NCUA Report pg. 7) "While credit unions face the challenge of discerning what is lurking around the next corner, NCUA also faces similar challenges. How will changes in the financial marketplace alter the regulatory tools and skill sets required to fulfill our statutory mandate to protect the system?"
"The future is indeed like that box of chocolates. We don't know what we are going to get. But each of us must realize that disruption is an inevitable wildcard by testing every hypothesis relating to accepted financial norms. It's time to start asking, "What would Forrest Gump do?"
NCUA's best advice on the future for CU's is:
IT'S TIME TO START ASKING, "WHAT WOULD FORREST GUMP DO?" ???
 |
| GUMP ? |
Not really sure where to go with that advice, are you? Should we ask Forrest Gump what to do about RBC or has NCUA already asked?
Actually, instead of relying on Forrest Gump; believe the NCUA should internalize what Forrest's mother told him...
"STUPID IS AS STUPID DOES."
(... or perhaps we should all start running!)
4 comments:
Not sure Forrest would be a member of a credit union because stupid would be paying for NCUA and this nonsense!
Sad to see Metsger adopt NCUA's "sky is falling" mentality so quickly.
Instilling fear in an entire
industry has become NCUA's objective and rational for more oversight and regulations.
The Duke St gang chooses to ignore the fact that CU's survived the Corp CU meltdown and the great recession.
We'll overcome Matz too.
"Run, Forrest, run!"
Run, credit unions, run!
At least Forrest made sense. If you would disguise Matz and Metsger's voices it would sound like the words were coming out of the same person. So much for independent thinking Mr. Vice Chairman.
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