I have read letters from Mr. Dennis Fisher (
Mr. Boutwell is again praising Mica for his efforts in moving the Corporate Stabilization legislation quickly through congress. Well, congratulations to Mr. Mica, who has single-handily placed credit unions in an even more dangerous financial position. Most, not all, credit unions were at least in a position to absorb the one-time hit to their capital and replenish the insurance fund. Now, because of very questionable reasons, all credit unions will be making payments to the insurance fund for the foreseeable future (at least the next seven to eight years).
Mr. Fisher, please do not stop railing, because there are more of us here that agree with you than you know. Not all of us are drinking the Kool Aid that Mr. Mica and Mr. Boutwell have on that table.
David A. Roman, CEO
Cosden FCU, Big Spring, Texas
LETTERS TO THE EDITOR
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