Published on Wednesday, 12 August 2015 17:13
BRAN MUFFINS FOR FINANCIAL INSTITUTION REGULATORS - THAT'S THE SECRET
Regulators – you’ve just got to love ‘em, right? For sure – but, they definitely need more bran in their diet! Do we need to spell it out? I didn’t think so. But, it’s the only explanation we’ve come up with for some of their wacko decisions, especially when it comes to acceptable asset ratios. You’ve heard the war stories; maybe even been one of them. Community FIs get smacked while the Too Big to JAIL (oops, Too Big to FAIL) guys get away with murder. We can’t fix that.
But, as for muffins here are some dandy bran muffin recipes – plain, blueberry, banana, whatever -- that will do the trick. Don’t risk a short cut with store bought – not nearly enough fiber for the average regulator. And, mind your manners – no giggles when you serve them up. Regulators are pretty thin-skinned, don’t you know. Okay, okay, enough with the jocularity.
As noted earlier, asset ratio is a serious matter and seems to be the recurring nut to crack. Oddly enough, many FIs are unaware or fail to consider technology that has been available for years while sticking with operational methods from the early 1900s. Maybe you have guessed by now; we are speaking of outrageously EXPENSIVE contracted out-sourced check services. Simply stated, it is an unnecessary luxury!
Our check:r system is the solution. All former pass through revenue comes back to your bottom line (where it belongs) versus lining the check service provider’s pockets. And, the check:r is so simple you will scratch your head, “Why didn’t someone figure this out years ago?” It may not clear all the check marks off the regulator’s clipboard but it’s a start. There is an added benefit; you won’t have to sentence some obliging staffer (or your wife) to hours in a hot kitchen baking muffins.
Published on Wednesday, 29 July 2015 16:59
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Published on Monday, 06 April 2015 18:16
A “WHO-DONE- IT” FOR BANKERS
Marilyn Barnewall helped MICR Prime get going way back when it was just a dream. Her world view, banking knowledge and hours of personal counseling have kept us focused. Thank you, my friend.
Fair warning – you won’t be able to put these books down. And, you will be amazed at how many of the fictionalized events in When the Swan’s Neck Breaks, published in 2008, still pop up as headline stories on the nightly news. The sequel, Flight of the Black Swan, continues the spellbinding saga of Meredith and Alex who, together with former covert Intelligence operative William Leonard and retired CIA agent Jake McGregor, set about implementing an extremely dangerous counter-plot to thwart enemies, both foreign and domestic, hell-bent on bringing America to her financial knees.
Marilyn MacGruder Barnewall is a student of the human condition, wielding the written craft to enrapture the mind, much like an artist wields a brush. Until recently, she wrote non-fiction exclusively for the banking industry. She has consulted for and given speeches to bankers around the world. Who better to write a book about America's central banking system, fiat currency, fractional-reserve banking -- and, espionage?