tag:blogger.com,1999:blog-319775530671726401.post6257164522313114688..comments2023-10-01T09:18:26.162-04:00Comments on Keith Leggett’s Credit Union Watch: Should Federal Reserve Governor Have CU Background?Keith Leggetthttp://www.blogger.com/profile/14794334790117033547noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-319775530671726401.post-25884811482081497422015-03-20T07:28:08.496-04:002015-03-20T07:28:08.496-04:00Credit Unions want everything banks have but just ...Credit Unions want everything banks have but just don't want to pay taxes.<br />Thought you'd realize that by now.<br />They earn that exemption everyday by being so distinctly different than banks....<br />They make loans to consumers, oh so do banks.<br />They market all over the place, oh so do banks.<br />They offer competitive rates, oh so do banks.<br />They have plenty of $500m asset credit unions, oh so do banks.<br />Oh, their ownership is different...they don't vote as bank shareholders do. They haven't any investment dollars at risk, as bank owners do. They don't vote for board members, as bank owners do. They needed a UST bailout, just like banks.<br />We can't wait, at our CU,moor Congress to deal with the distinct difference so we can move on past the CHARADE.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-51162082244322422702015-03-19T13:04:14.940-04:002015-03-19T13:04:14.940-04:00Oh, by the way, bankers have been on the NCUA Boar...Oh, by the way, bankers have been on the NCUA Board. Norm D'Amours is a recent example. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-90279203468963923452015-03-19T09:18:31.306-04:002015-03-19T09:18:31.306-04:00I'm not saying credit unions are not qualified...I'm not saying credit unions are not qualified. <br /><br />I'm saying that the Fed does not regulate credit unions. Keith Leggetthttps://www.blogger.com/profile/14794334790117033547noreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-49782427961248510582015-03-18T18:17:35.818-04:002015-03-18T18:17:35.818-04:00Bankers are qualified to be on the Fed Board but c...Bankers are qualified to be on the Fed Board but credit union officials are not? Are you really going with this argument? Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-319775530671726401.post-77379236509655962602015-03-18T14:31:24.268-04:002015-03-18T14:31:24.268-04:00The FOMC sets short term interest rates and influe...The FOMC sets short term interest rates and influences long term rates in the money markets that effect every consumer banking service. Credit unions should be part of The Fed Board's assessment of reality both before and after they act.Anonymousnoreply@blogger.com