Unable to pass Senate confirmation, no problem, just sidestep it...

[DerbyCat]

ARyan, I understand that you feel that this will professionally impact you and you think that government oversight will make more problems for people but I want oversight and protection, I don't trust business to look out for me, the consumer. I was with a law enforcement credit union when I was a cop (I am currently with USAA) and understand that they are not for profit entities.

If this has you that upset, don't lecture people on a horse racing message board, take your fight to congress - i don't think anyone here has the power to change things, all we have is our own inflated opinions!

I am one of the few people here that do not trust big business or religion or TV talking head pundits to look out for my best interests... Although I'm not entirely sure I trust government but at this point they're my only hope

[ARyan]

Originally Posted by DerbyCat

ARyan, I understand that you feel that this will professionally impact you and you think that government oversight will make more problems for people but I want oversight and protection, I don't trust business to look out for me, the consumer.

I am worried for consumers. This will only impact them in the long run. I can deal with more compliance, and more R&R, the sad part of it all, is it rarely helps the consumers in the long run, particularly when it comes to banks.

As for oversight, you have it. FDIC, NCUA, SEC among many others. If they are failing, then they need to be corrected, not the institution of another federal agency.

As for not trusting business to look out for you, thats basically the mission statement of many credit unions. We work for you best interest. We are not-for-profit institutions who are financial cooperatives, and if you are a member, you are an owner. Credit Union's profit for members not from them. Question for you, do you belong to a credit union?

[ARyan]

Originally Posted by DerbyCat

If this has you that upset, don't lecture people on a horse racing message board, take your fight to congress - i don't think anyone here has the power to change things, all we have is our own inflated opinions!

I actually have, we get no response. Unfortunately our congress rep is too busy having Eddie Kelly tell us on TV Ad's how our rep saved New York horse racing and NYRA. He doesn't have time to talk to credit unions, even though his father was a big credit union guy in Missouri.

[ARyan]

Originally Posted by DerbyCat

I am one of the few people here that do not trust big business or religion or TV talking head pundits to look out for my best interests... Although I'm not entirely sure I trust government but at this point they're my only hope

I just believe, we are our best hope. If you can't help yourself individually, relying on a failing government to help you looks to me like a bad life decision.

[DerbyCat]

Originally Posted by ARyan

I just believe, we are our best hope. If you can't help yourself individually, relying on a failing government to help you looks to me like a bad life decision.

Trust me, I do not rely on the government, I make a good salary and have investments but I don't trust big business to look out for me, I pay enough to the government that they damn well better do something for me!

No one, no thing is perfect... but any entity that is trying to make money for itself isn't making the money for my benefit (i.e.:banks, businesses, etc.).

My current bank is USAA, for military families, I love it, I trust it and I would never ever have an account at a big bank. I left my law enforcement credit union for USAA and I have absolutely no fear that I will lose my money because of them.

ARyan, when I hear that business doesn't like governmental oversight, I want governmental oversight... maybe I need to look a little deeper before having that knee-jerk reaction.

[ARyan]

Originally Posted by DerbyCat

ARyan, when I hear that business doesn't like governmental oversight, I want governmental oversight... maybe I need to look a little deeper before having that knee-jerk reaction.

My feeling here is, we already have governmental oversight. Now they are giving unlimited power and R&R making authority to a brand new authority supposed to protect the consumer, when those consumer protection agencies already exist within each regulator of the financial industry.

To me this isn't fixing anything for consumers, or fixing the industry and its many parts. This is just dumping a new regulating industry on top of the many others, and hoping something works. Well with how they are going about setting this industry up, to me it looks trouble on the horizon.

I know USAA well. In fact we have members who also have accounts there. From what I know they are a well respected, however they are still a bank, and got into the banking industry after being an insurance firm. I wouldn't recommend them over a credit union, but if you are happy with them, then why do you feel the need for a new regulatory agency to mandate new R&R that will no doubt effect your relationship with them.

[SCUDSBROTHER]

Originally Posted by ARyan

My feeling here is, we already have governmental oversight. Now they are giving unlimited power and R&R making authority to a brand new authority supposed to protect the consumer, when those consumer protection agencies already exist within each regulator of the financial industry.

They aren't any good. Whatever oversight we have is not any good. That is soooooo clear. Somebody needs unlimited power to protect the consumer. It's been way too long since that's been a priority. Just start already.

[ARyan]

Originally Posted by SCUDSBROTHER

They aren't any good. Whatever oversight we have is not any good. That is soooooo clear. Somebody needs unlimited power to protect the consumer. It's been way too long since that's been a priority. Just start already.

Unlimited power....

My god...

You are an idiot...

[joeydb]

Originally Posted by ARyan

Unlimited power....

My god...

You are an idiot...

This has to be a put on, right? Someone with the handle "aryan" posting a hitler picture??

Quite correct on what we should be preventing though.

[clyde]

Originally Posted by DerbyCat

ARyan, I understand that you feel that this will professionally impact you and you think that government oversight will make more problems for people but I want oversight and protection, I don't trust business to look out for me, the consumer. I was with a law enforcement credit union when I was a cop (I am currently with USAA) and understand that they are not for profit entities.

If this has you that upset, don't lecture people on a horse racing message board, take your fight to congress - i don't think anyone here has the power to change things, all we have is our own inflated opinions!

I am one of the few people here that do not trust big business or religion or TV talking head pundits to look out for my best interests... Although I'm not entirely sure I trust government but at this point they're my only hope

Some day, you must let me fucl< you.



Your thoughts are pretty---although mine are not.