|"Silly, inept, amateurish.."|
It was quickly apparent to the entire financial and political community that the proposed RBC rule was an unforced error of the first magnitude. All credit union industry "stakeholders" were made to appear silly, inept, amateurish - including you, me, and the NCUA.
|The new CU normal...|
A high-energy struggle waged at full speed, wide-open, on-the-run, with little margin for error ... silliness, ineptitude, or "amateurity".
Wanted to be sure that the folks re-working their unforced error had a clear sense of the level of energy required to manage a modern-day CU; and to hear, keenly, the deep-seated resentment that many credit unions feel for the Agency's prior, painfully obvious blundering.
So here ya go! Because in running a CU these days...