The NCUA told Credit Union Times Thursday it cannotshow its hand by releasing the net amount of the JPMorgan Chasesettlement that was applied to the corporate stabilizationfund.
“When you are playing high-stakes poker against the mostpowerful, deep-pocketed financial interests in the country– with billions of dollars at stake – you don't show thecards in your hand. Any strategic information we share wouldgive our opponents a competitive advantage at the negotiatingtable,” said NCUA General Counsel Mike McKenna.
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