tag:blogger.com,1999:blog-319775530671726401.post2836597127772002709..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Los Angeles Business Journal: Credit Unions Come Up ShortKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-319775530671726401.post-28584544436592797292010-08-17T22:19:38.224-04:002010-08-17T22:19:38.224-04:00Not bad. Keith found a derogative credit union st...Not bad. Keith found a derogative credit union story in a major daily newspaper.<br /><br />A Google 24-hour news search for the SAME DAY reveals dozens and dozens of similar news pieces on bad/problematic/failing/questionable/insolvent banks. Gotta love that math.<br /><br />Hey, how about doing a piece on FDIC insured Morgan Stanley taking over all the parking meters in the City of Chicago, and without limitations began running up the nickel and dime charges for defenseless consumers. $11.6 billion via the meters? Now just how does that banking meter monopoly receive regulatory oversight? How are its risks covered by deposit insurance (backed by taxpayers)? Are extra-weird endeavors like this part of the reason the rest of the banking community got hosed down with the Dodd-Frank Re-regulation Bill?<br /><br />Somehow, I cannot recall how running a parking meter concession is connected with the Congressional mission approved for banks of any type. However, I understand it’s ABA policy that tax-assisted depositories should return to their original mission. <br /><br />Good thing bankers-turned-meter readers make news; good thing Keith likes intensive reading. It must be hard to find a credit union story among all the strange, strange banking news.Anonymousnoreply@blogger.com