But are they cheering for McWatters or the idea of balance?
When NCUA board members make appearances at credit union events, typically the applause heard when they are announced is of the polite variety. Not so with NCUA Board Member Mark McWatters, who is usually the “1” in 2-1 votes on the NCUA board. McWatters has been outspoken against the agency’s risk-based capital proposal (and even the agency’s authority to issue it), among other regulations. How popular has he become? McWatters wasn’t in attendance at the recent Ohio league meeting in Columbus, but when one speaker mentioned his name, it got a spontaneous round of applause from the audience.
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I wonder as I read this response to McWatters’ efforts, are we seeing a vote for his opinions and platforms, or are we seeing a vote for balance through vocalized challenges that lead to debate? I hope it is the latter more than the former.Continue Reading