NCUA: Self-proclaimed Masters of the Universe ? |
- Mr. Mark McWatters, NCUA Board - 2/19/2015
* Copernicus (1473-1543) advised the "know-it-all-bureaucrati" of his time that they erred in believing that the sun revolved the earth. "They", much like today, were not amused!
Unfortunately for America's 100 million credit union members, Mr. McWatters' observations about a self-centric Agency may have arrived too late.
When evaluating the right of credit union member-owners to have access to the results of CU stress tests (which are required to be published by banks!); take a listen to the dismissive contempt with which 100 million Americans are held by NCUA senior management...
"... accordingly with CU capital based on profits, instead of external equity..."
"... "we" determined that disclosure would speak to
an audience that does not exist."
IS THERE ANY GREATER, MORE ARROGANT INSULT THAT NCUA CAN DELIVER TO 100 MILLION AMERICAN CREDIT UNION MEMBERS?
2 comments:
The best is yet to come.
That sounds pretty scary!!!
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