Thursday, August 20, 2026

Why Won't A Majority Of All SAFE Members Vote To Approve This Mega-Me Mirage?

 Angry Looney Tunes GIF  "Listen up stupid or I'll have...                ... a hissy fit!"

😎 “Nothing in the world is more dangerous than sincere ignorance and conscientious stupidity.”
Martin Luther King Jr.  

 "✅ Anonymous comment:  August 19, 2026 at 2:09 PM"

"All you're doing, in addition to making yourself look stupid is setting yourself up to have something to complain about when the regulator approves this merger. Spare yourself and us the drama - we already know exactly what your day after comment will be."

"Here are some truths you can start accepting:
1) There will NOT be a yes vote by the majority of SAFE members.
2) Of the votes, the majority will be a YES.
3) Given the lack of engagement by SAFE members, the state will use its specifically defined and lawful authority to approve the merger. In doing so, it will implicitly defer to the members who voted yes, and to the Board, who voted to approve the merger, and have a fiduciary duty to look after the best interests of members. Mark it down. It WILL happen that way."

   You're probably right on #1 & #2! A majority of SAFE members - approaching 100% - will be asked to vote on this merger without receiving sufficient information to make an informed business decision. It's not clear - and somewhat suspicious - that the SAFE Board and CEO have not even tried "to engage"  the SAFE membership about this takeover. Why not?

    Where you fail is #3!  a) In not finding fault with the cause of "the lack of engagement by SAFE members";  b)  in failing to explain - given that you readily acknowledge the lack of member engagement - why the state should not use "its specifically defined and lawful authority" to reject the merger; and lastly c) in failing to be bothered by the fact this merger is simply not a sound business deal for SAFE members:

  Financial experts see these merger benefits for SAFE members!

1]  Better rates                                            YES     NO   

2]  Lower operating costs                             YES     NO   

3]  Enhanced technology                              YES     NO   

4]  More branches/ATMs                               YES     NO   ❎ 

5]  Retain local ownership/control               YES     NO    

6]  Assured increase in community support YES     NO   

7]  In-state California regulation                  YES     NO   

8]  Return of capital to SAFE members         YES     NO    

9]  Member dialogue prior to agreement      YES     NO    

10] Will strengthen the Sacramento area     YES     NO    

 ðŸ˜Ž “Facts do not cease to exist because they are ignored.” ― Aldous Huxley 

  And of course, as you well know ... "Ignorance is bluster!"