Well, the NCUA Board video of the Oct. 15, 2015 meeting is now available for viewing - enjoy!
During the meeting you will see an important review of the merits - and lack there of - of the "gone-on-for-ever" risk-based capital (RBC) rule. The points are significant and well worth a listen on the part of credit union folks. The RBC rule was passed on a 2-1 Board vote and is scheduled for full implementation by 2019.
But the highlight of the entire meeting was the segment between 1:15.30 and 1:15.37, when Chairman Matz made the following offer to Mr. Metsger...
"Anyway, having said all that; Mr. Vice Chair, I'm sure you have some remarks you'd like to make. Or perhaps you'd like to just pass."
Talk about a missed opportunity !!!
[But there was no "stopping" the VC!]
2 comments:
The only thing the Vice Chairman is capable of passing is gas.
That's exactly what he did!
Post a Comment