|'Can't we talk about |
We're getting ready to try "to argue out" a proposal which will describe and define how the NCUA can, in the future, become the premier financial regulator in the U.S.
Before we proceed to "the dialogue", let's check on a couple of questions to make sure we are all in agreement on some "basics".
1) Is NCUA currently the premier financial regulator in the Country? ☐Yes ☐ No
2) Should NCUA strive to be the premier financial regulator in the Country? ☐Yes ☐No
3) Is it possible for the NCUA to become the premier financial regulator in the Country? ☐Yes ☐No
If you answered "No" to any of the questions:
(Are we happy with a "second tier" regulator?)
The second series of questions are "Who will bell the cat?'' questions.
If that doesn't ring a bell (so to speak!) with you, the fable goes that a group of church mice had grown weary of seeing their numbers decimated by the ferocious cat which prowled the church grounds. At a meeting called to seek a solution, the brave, angry mice discussed various action plans and decided that the best course was to have a volunteer mouse sneak up on the cat and tie a bell around its neck; then in the future, the sound of the bell would always give early warning to the mice of the presence of the lurking cat. Great plan! ....which all the mice vigorously supported!
|"It'll be a piece of cake..."|
The only problem was no mouse was willing to volunteer for the duty of installing the bell on the cat!
So, which of our brave credit union advocates will take up the task of leading our soon to be created action plan to help make NCUA the premier financial regulator in the Country?
Who will bell the Cat?
1) CUNA? ☐Yes ☐No
2) NAFCU? ☐Yes ☐No
3) NASCUS? ☐Yes ☐No
If you answered "No" to any of the choices:
(Then why waste our time on the Plan?)