tag:blogger.com,1999:blog-319775530671726401.post4200903552534795489..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: RegFlex Net Worth RequirementsKeith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-319775530671726401.post-83035675617844544662010-05-14T12:44:57.253-04:002010-05-14T12:44:57.253-04:00Nice that the credit union supervisor is conservat...Nice that the credit union supervisor is conservative and/or cautions. It is why NCUA and credit unions are relatively untouched by the massive regulatory reform package now moving through congress.<br /><br />Unlike the semi-solvent FDIC that has admittedly become part of the problem of our nation.<br /><br />“We must recognize that not only did market discipline fail to prevent the excesses of the past few years, but the regulatory system also failed in its responsibilities. There were significant shortcomings in our approach that permitted excessive risks to build in the system”<br />--FDIC Chairman Sheila Bair, May 11, 2010<br /><br />The ABA should be more insistent on having a first-class regulator for its member banks. It does not. Accordingly, ABA is failing in its mission, too.Anonymousnoreply@blogger.com