Thursday, August 11, 2016

All's Well At Exam Time.....


An ancient Chinese proverb famously tells the 
Well, well...
story of a frog which lived at the bottom of a well. The frog was supremely confident in his understanding of the world; and, from his point of view, the sky he saw above him represented the entire universe.  The frog had no concept that anything existed outside his realm of understanding.


Bottoms up!

Limited understanding, limited outlook, limited vision sounds like a recipe for farce - except that it's not at all funny when "the frogs" decide to drag everyone else down to the bottom of the well.

Most credit unions, out of deference to and support of authority, have tried to "toad the line"... but if our regulatory "visionaries" keep it up, lots of credit unions are going "to croak".


Looking forward to another "ribbeting" (18 month!) exam cycle ....



Oh, well...

2 comments:

Anonymous said...

Enough of this " I don't want to say anything to NCUA about my exam or the examiners for fear of retribution ". Come on people, get a pair. This isn't the Cosa Nostra or Mafia or sequel to the Godfather. You have a problem, speak up. Take it directly to your RD and if you get no satisfaction take it to the top and one of the board members. And if they do nothing go to one of your many publications and give them the story. Until you stand up for yourself when you have a regulatory problem you are no better than the frog in the bottom of the well. If you stay silent, that is where you belong.

Anonymous said...

Interesting post Anonymous...