On Wednesday I posted a comment in regards to Jim rightfully calling NCUA to task for its fixation on rising interest rates. My comment was “NCUA's fear of rising rates and ridiculous liquidity noise has cost the industry millions - approaching billions - in missed income because of too-short investing.” It is worse than I thought. “total investments” per 5300 data as of 09/30/14 is $287 Billion. Multiplying that amount by 20 basis points lower investment yield due to NCUA’s haphazard forecasts and micro-managing equates to $574 million missed income in just 2014. It is safe to say that over the past 4 years the total missed income exceeds $2 Billion, a significant unrealized “cost” of doing business with the Matz regime.
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OTHERS HAVE SAID:
Lawyers spend a great deal of time shoveling smoke.
Lawyers, I suppose, were children once.
As for lawyers, it's more fun to play one than be one.
Lawyers work hard and, like us, they're human, many of them.
Lawyers are like beavers: They get in the mainstream and dam it up.
I know that the long awaited Sports Illustrated issue is coming out. Is this the new cover for Mad Magazine?
On Wednesday I posted a comment in regards to Jim rightfully calling NCUA to task for its fixation on rising interest rates. My comment was “NCUA's fear of rising rates and ridiculous liquidity noise has cost the industry millions - approaching billions - in missed income because of too-short investing.”
It is worse than I thought. “total investments” per 5300 data as of 09/30/14 is $287 Billion. Multiplying that amount by 20 basis points lower investment yield due to NCUA’s haphazard forecasts and micro-managing equates to $574 million missed income in just 2014. It is safe to say that over the past 4 years the total missed income exceeds $2 Billion, a significant unrealized “cost” of doing business with the Matz regime.
NCUA is practiced at ASSet/Liability management!
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