Over the past few weeks, CU Times readers discussed an influential leader's passing, the NCUA's Goldman Sachs settlement, the Panama Papers and more.
Here's what they had to say.
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Gene O'Rourke Passes: In Memoriam
He and his firm did a great job for us at VyStar Credit Union when we were looking for a new CEO many years ago. May he rest in peace.
WVF
Nearly 40 years ago I was a Peace Corps volunteer working with credit unions in the Caribbean. I moved back to the United States and interviewed with Gene. He invited me to work with his accounting firm. From the humble opportunity Gene gave me, I have had a very successful career in the credit union industry. Along the way, more than once, Gene assisted me with career moves and gave me sound advice. We have all lost a wonderful friend. Rest in peace.
Evan Clark
President/CEO
Department of Commerce FCU
Washington
Panama Papers Fuel Case for Treasury's AML Rule Over Advisers
Revelations from the Panama Papers seem to beg the question: Isn't it long past time for captured federal financial regulators to acknowledge that repeated money laundering violations at too-big-to-behave-banks such as HSBC and UBS are big business, not simple lapses in compliance and monitoring?
jrwells5
Senators to Treasury: Investigate U.S.-Panama Paper Ties
"Let's keep in mind that the story is primarily about graft, facilitated by weak domestic institutions and autocracy, and only then about taxation and financial privacy regimes in off-shore jurisdictions."
Dalibor Rohac
Research Fellow
American Enterprise Institute
Washington
NCUA Settles With Goldman Sachs
It's great that the NCUA is obtaining money back, but there are two questions remaining. 1. When all is said and done, are the credit unions that paid dearly for the corporate collapse going to share in any excess money the NCUA collected? 2. Where was the NCUA before the collapse?
Frank
Kobe Bryant's Life Lessons for Credit Union Executives
When Kobe came on the scene, my then preteen son asked my opinion of him. I told him we should just wait and see, because time would tell. And now here we are, and the facts speak for themselves. He went out on top. So there's another lesson we can learn from Kobe – expect to be judged in the end by what you do, not by hype or smoke and mirrors.
B. A. Ware
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