First of all, my apologies to any NCUA personnel who feel that the following makes light of their hard and dedicated work to frustrate the masses. I mean to “further” the masses. How did “frustrate” get in there? That was a typo. Honest. I have the utmost respect for our NCUA regulators – in fact, I love them from the bottom of their hooves to the tops of their pitchforks.
The following was (rumored) to be a transcript from a recent executive meeting at the NCUA. It was attended by three people whose names are unknown. It also includes one person called the “voice of reason” (VOR), which obviously indicates that it was not an official meeting.