Had examiners acted more aggressively in their supervision actions over these critical issues, the looming safety and soundness concerns that were present early on in nearly every failed institution could have been identified sooner and the eventual losses to the National Credit Union Share Insurance Fund could have been stopped or mitigated.
Shelby emphasizes the need for proactive supervision to prevent financial losses.
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As Senator Shelby at our Senate testimony hearing last March pointed out to us, we must maintain what we have before we can build new, and I think he hits the mark head-on.
I am concerned about this--what this communicates to both our allies and our adversaries.
A lot of people, including this Senator, believe that the request is not enough considering the problems in the world.
Russia's launched multiple hypersonic weapons as part of their invasion of the Ukraine and China is continuing to develop its own hypersonic weapons.
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