tag:blogger.com,1999:blog-2330294340043347758.post2212286861552731305..comments2023-04-27T05:35:24.073-04:00Comments on Jim Blaine on Credit Unions: Risk-Based Congressional (RBC!) Testimony... Jim Blainehttp://www.blogger.com/profile/15231738536629398905noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-2330294340043347758.post-17298255606464694642014-04-16T19:26:40.541-04:002014-04-16T19:26:40.541-04:00Maybe like the last Pope, she'll do us all a f...Maybe like the last Pope, she'll do us all a favor and leave early.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-72740162329371009292014-04-16T14:40:54.181-04:002014-04-16T14:40:54.181-04:00A Queen doesn't have to answer to anyone, quit...A Queen doesn't have to answer to anyone, quit whining and bow downAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-52125172782356845432014-04-16T14:20:46.930-04:002014-04-16T14:20:46.930-04:00NCUA incessantly "bleeds" the NCUSIF of ...NCUA incessantly "bleeds" the NCUSIF of earnings to pay for an organizational structure and overhead costs which no longer make sense.<br /><br />NCUA should feel some shame about the expense control advice they so routinely hand out in exam reports - especially to "smaller" CUs - but so visibly fail to follow in their own house…<br /><br />Again, so you see why there is this desperate need to create the illusion of "high" risk in larger CUs, otherwise the Agency would have to exercise fiscal responsibility…<br /><br />You - credit union/member - foot the bill… a "we're unaccountable tax".<br /><br />Expect change? Don't hold your breath...Jim Blainehttps://www.blogger.com/profile/15231738536629398905noreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-4527361650521793042014-04-16T08:30:17.618-04:002014-04-16T08:30:17.618-04:00If one were to consider the income earned from the...If one were to consider the income earned from the deposit to the NCUSIF owned by credit unions with assets over $400 million, it is suggested that the the loss of 40 million is pretty good return for an insurance fund. <br /><br />If it were not for the excess earnings at this level, the losses at the lower end of the spectrum would not be covered. <br /><br />Wonder what happens to the NCUA gravy train when complex credit unions decide to convert to a different insurance fund?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-35113385872144828672014-04-16T07:11:00.147-04:002014-04-16T07:11:00.147-04:00Its from NCUA's internal data and analysis.
...Its from NCUA's internal data and analysis. <br /><br />I'm sure the omission of the billions of bucks in Corporate losses is entirely coincidental...Jim Blainehttps://www.blogger.com/profile/15231738536629398905noreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-55269458779929883992014-04-16T07:03:52.120-04:002014-04-16T07:03:52.120-04:00You're leaving out the losses at the corporate...You're leaving out the losses at the corporate credit unions, which are also covered by NCUA, but interestingly are not included in the risk based capital rule. Anonymousnoreply@blogger.com