Timeless Wisdom: Effective Public Policy From the Bottom Up

Our movement does not exist because it was created from the top down.  Rather it was created from the bottom up.  We did not tell Congress we wanted to be “safe and sound” institutions.   We always knew that if we were lending to our members there was risk involved.  Serving came first; safety and soundness was a means to the end of serving.

Ed Callahan, Callahan Report, May 1999

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