Sometimes the truth just hurts
From: Ed Speed
"The accelerating predatory consolidations, along with the self-serving and self-enriching behavior of some CEOs and boards in today’s credit union “movement,” are not aberrations. They are not temporary distortions caused by technology, competition, or a handful of poor decisions by a few outliers. They are a mirror of America.
What is unfolding across credit union balance sheets, boardrooms, and regulatory corridors is an accurate reflection of American society itself: our habits, our anxieties, our evasions, and our loss of moral seriousness. The credit union “movement” has not simply lost its way; it has absorbed and now reflects the national culture that formed it.
The “movement” now sits atop enormous assets and extraordinary regulatory privilege, yet shows a striking thinness where conscience should reside"... [read the rest here - link]
"Quo vadis?" ... abandoning those of "modest means" for the narcisstic, self-importance of "me-first"?
Amen Brother ...
ReplyDeleteDitto. Mr.Speed will you run for President? Either party.
DeleteWhat does it profit us to gain the whole world, and lose our souls?
ReplyDelete"Sometimes the truth just hurts"
ReplyDeleteyeah and it hurts those who can afford it the least ...