tag:blogger.com,1999:blog-319775530671726401.post2021962812255095741..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: CLF Should Be Subject to Same Transparency Reporting Requirements as Fed's Discount WindowKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-319775530671726401.post-55528600642503034632010-08-14T01:06:53.721-04:002010-08-14T01:06:53.721-04:00Here's a law that does exist and it has nothin...Here's a law that does exist and it has nothing to do with spirit.<br />The ncua charter change rules should be no more or less restrictive than other regulator's charter change rules.<br />so why has ncua been allowed to pile on pages of costly,unneccesary and meddlesome rules?<br />Keith?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-24589147742525376392010-08-13T20:41:24.840-04:002010-08-13T20:41:24.840-04:00Hahaha, Disclosure of Fed borrowings?!
This sound...Hahaha, Disclosure of Fed borrowings?!<br /><br />This sounds like something YOU need (or want) only to make YOUR credit union-basing job easier.<br /><br />Let’s review the facts. The Fed has refused to name the banks, or amounts that it lent more than $3.7 trillion to during the past few years, or disclose what over-discounted assets it accepted as make-believe collateral under 11 recent programs, most put in place during YOUR banker-caused worst financial crisis since the Great Depression, saying that doing so might set off a run by depositors and unsettle financial markets. ABA backed that position. <br /><br />So YOU want what? Why? Hahaha<br /><br />Remember you all lost in US District Court. But disobediently, the data is still not released. Even voluntarily.<br /><br />Still hiding facts that failing and semi-solvent banks repaid TARP with obligations carrying a 5%-9% implied cost via Fed borrowings at 20bp? Wink wink; you guys almost got away with a good one. Tricking those stupid taxpayers again.<br /><br />Now let’s blame the NCUA’s CLF for not adapting policies to make YOUR job easy.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-66324786516463115972010-08-13T11:49:00.760-04:002010-08-13T11:49:00.760-04:00I guess that is something that will need to be fix...I guess that is something that will need to be fixed.Keith Leggetthttps://www.blogger.com/profile/14794334790117033547noreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-75870518821464647082010-08-13T11:31:18.631-04:002010-08-13T11:31:18.631-04:00"The spirit of the law." Please!!!!! If ..."The spirit of the law." Please!!!!! If the "spirit of the law" was important then the ABA would never had sued the NCUA over field of membership resuling in the 1998 Supreme Court Decision which led to the Credit Umion Membership Access Act of 1998 which foisted the bogus 12.25% MBL asset cap. If "spirit of the law" were used, then the Federal Reserve could eliminate the anti-consumer provisions of Regulation D which limits most electronic transfers between savings accounts and transaction accounts to six. Sorry, the law is the law. If it ain't there, it doesn't exist.Anonymousnoreply@blogger.com