tag:blogger.com,1999:blog-2330294340043347758.post6245071424342774618..comments2023-04-27T05:35:24.073-04:00Comments on Jim Blaine on Credit Unions: The NCUA Budget: Easy Money... Part "Unlucky 13"Jim Blainehttp://www.blogger.com/profile/15231738536629398905noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2330294340043347758.post-41200698794411156762016-12-14T16:56:22.155-05:002016-12-14T16:56:22.155-05:00FDIC did not borrow funds from Treasury during the...FDIC did not borrow funds from Treasury during the financial crisis. The banking industry pre-paid premiums to the FDIC avoid borrowing from the Treasury.<br /><br />I don't know about legal fees associated with lawsuits.Keith Leggetthttps://www.blogger.com/profile/14794334790117033547noreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-60606438236189088432016-12-14T12:49:30.374-05:002016-12-14T12:49:30.374-05:00Mr. Leggett,
How much contingency legal fees did F...Mr. Leggett,<br />How much contingency legal fees did FDIC pay for lawsuits?<br />Did FDIC borrow funds from the US Treasury as NCUA did during the credit crisis?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-64591128317445936512016-12-14T07:43:55.961-05:002016-12-14T07:43:55.961-05:00The FDIC board yesterday approved a $2.18 billion ...The FDIC board yesterday approved a $2.18 billion agency operating budget for 2017, down 2.4 percent from the 2016 budget. The board also authorized a 2017 staffing level of 6,363 employees, a net reduction of 206 positions from the 2016 authorization of 6,569. This decrease marks the seventh consecutive reduction in the FDIC’s annual operating budget, FDIC Chairman Martin Gruenberg said. “These reductions are made possible by continuing steady improvement in the health of the U.S. banking industry. The FDIC remains focused on fulfilling its mission while prudently managing costs.” <br /><br />https://www.fdic.gov/news/news/press/2016/pr16108.html<br />Keith Leggetthttps://www.blogger.com/profile/14794334790117033547noreply@blogger.comtag:blogger.com,1999:blog-2330294340043347758.post-22030685883681838692016-12-14T06:53:16.831-05:002016-12-14T06:53:16.831-05:00It might be zero.
Depends on how much the price of...It might be zero.<br />Depends on how much the price of the 5 year treasury reacts to the fed fund change.<br />If the fed goes up 50bps and the 5 yr treasury does too yer st zero.<br /><br />And that would mean the NCUA squandered $100s of millions in potential gains over the last few years while absconding $1BILLION from us in ILLEGAL contingent lawyer fees.<br /><br />But don't tell bill brooks or CUNA or nafcu.<br />They're all too busy writing stupid letters that get us nowhere.<br /><br />Thanks for your posts.<br />You're the only one who seems to care about what's right.<br />The F ACT is, there is no accountability. It's the flaw of the "movement".<br /><br />"with the thoughts I've been thinkin I could be another Lincoln if I only had a brain".Anonymousnoreply@blogger.com