NCUA Board Chairman Debbie Matz has a right to her opinion about the Dodd-Frank Act. No matter how wrong. And as her July 27 Guest Opinion so clearly demonstrated, on the topic of the Dodd-Frank Act, Matz is really, really, really wrong. Her remarks provided ample evidence that even well-intentioned people looking at the same set of facts from different world views can come to very different conclusions. The Dodd-Frank Act is an ideologically driven bane, not a financial system safety and soundness boon.

Making her contribution to the ongoing partisan spin-doctoring that has dogged Dodd-Frank since its inception, Democratic presidential appointee Matz toed the party line in her hyperbolic praise of the interventionist law. The chairman delivered unwelcomed rhetorical gasoline that further inflamed the fundamental political disagreement, including disagreement within the credit union industry, over the appropriateness of the act's misguided mandates and regulatory overkill.

What exactly has the Dodd-Frank Act achieved other than to totally disrupt the lives of credit union CEOs and boards of directors? Will controlling financial markets generate new jobs and put delinquent credit union consumer members back to work? Will regulating the unregulated generate tangible movement toward achieving a sorely needed economic recovery?