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The advocacy for the release of CAMEL ratings continues to be in the news. In my opinion, any disclosure of a CAMEL rating is clearly misguided and runs contrary to the basic underpinnings of our banking system. Our banking system rests on a three legged stool: federal deposit insurance (and its accompanying safety and soundness standards), public confidence in the system and the federal government’s ability to resolve a crisis. Take away any one of them and you have the potential for chaos.

Peter Westerman

Credit Union Times

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