SO, LET'S PURSUE THE PAST A LITTLE FURTHER AS TO THE HISTORY OF $1 BILLION IN HIGHLY QUESTIONABLE LEGAL FEES PAID FROM YOUR FUNDS BY THE NCUA...
Running down the numerous omissions in the NCUA OIG letter to Congressman Issa [link] is pretty dull stuff, isn't it ! 'Bout as much fun as shoveling out a chicken house - and with lots of similarity in substance !
But, let's do an easy one today - OK? You saw yesterday the great sleight of hand the OIG tried to bring to Congressman Issa's simple question as to whether or not the $42 million "Pass The Cash" contingency legal fees were politically motivated.
OIG reported that NCUA's chief legal counsel prepared his final recommendation to the NCUA Board for approval on August 20, 2009 and the contingency legal agreements were signed September 1, 2009. Board member Fryzel stated that he wasn't familiar with the law firms; Ms. Matz claimed she didn't know what was going on because she didn't start work until August 24, 2009; and Board member Gigi Hyland's whereabouts and involvement are strangely omitted.
No one is present at the scene of the crime. Extremely convenient, but not very probable !
But here's the question for you .....
On page 10 of the Issa letter the OIG states:
"We note further that an OGC [Office of the General Counsel] memorandum to the NCUA Board setting forth the General Counsel's final recommendation regarding the choice of law firms was dated August 20, 2009..."
"Final recommendation "....
"to the NCUA Board"...
"regarding choice of law firms" ... "dated August 20,2009".
Clearly and logically it was the NCUA Board's choice as to whether or not to go forward with the contingency legal fee agreements and to choose which law firms. So, the NCUA Board approved the deal; but at which Board meeting did they vote ? The two nearest NCUA Board Meetings (according to the NCUA website) were July 16, 2009 and September 24, 2009.
Final recommendation 8/20/2009...
contract signed 9/1/2009 .....
["Something stinketh" at NCUA!]
Something just doesn't seem to add up with NCUA's internal "watchdog's" report:
OMG... OIG !! ACCOUNTABLE? COMPETENT? TRANSPARENT?
The current NCUA Board should "ACT" to clear the Agency's name:
WHAT IS THE TRUTH?