|For Pete's sake !|
Had you heard that NCUA timed the release date of the rule to honor the passing of legendary folk singer Pete Seeger? I hadn't heard that one either!
Was surprised because as you know, NCUA is not exactly famous for its' folksiness, positive "kumbayah attitude", nor its' populist, progressive, empowerment approach to human relations (... to put it mildly!).
So, what's the deal? Evidently the "powers-that-be" at NCUA greatly admired Pete Seeger's song writing abilities. Given the new capital rule and the threatened $2-million
"Achtung!" 5300 report late fee , looks like the theme song at the Agency may be Seeger's classic original....