Monday, September 27, 2010

Her Special Assessment

Said Ms. Matz, of the NCUA,
"Credit unions are destined to stay;
When a few of them failed 
We stepped in and bailed,
And the healthy survivors must pay."   

Under Chairman Debbie Matz, the National Credit Union Administration has rescued three wholesale credit unions with a $30 billion bailout, the cost of which will be borne by the credit union industry through a "special assessment."

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