Be careful who you listen to on corporate network regulation.

Joe Herbst, CEO of Members United, is the last person we should be listening to when it comes to what is best for corporates. Of course he thinks all corporates should be combined, as that is the only way his will survive. The same goes for the CUNA group of CEOs, who are all members of corporates who burned them.

I wouldn't want to recapitalize my corporate if I had just written off millions of member shares. The people who need to be listened to are the corporates who did not get caught up in mortgage-backed securities and are still a viable,

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