The Practical Theory Behind NCUA's RBC Regulation...

A recent selfie...

Well, have finally finished reading the 450 page, "second coming" of NCUA's risk-based capital rule (RBC).  Now, that you and I have both spent the time to do our "due diligence" in reading this significant piece of.... ("legislation"), guess we should talk about it a bit.  

The proposed RBC rule is a full-face reflection

of the character, capacity, and credibility of the "working group" at the NCUA.  The RBC rule quite simply lacks character, capacity, and credibility.  

We are at a crossroads....

"Theory is when you understand everything,

but nothing works.  

Practice is when everything works, but nobody understands why.  

At the NCUA with RBC, theory and practice are united, so nothing works and nobody understands why."

                       - from a CU CFO with a practical sense of humor!