Directing the Federal Reserve for Dummies: A Guide for Clueless Directors

That’s what it looks like to me:

The Federal Reserve, in what one can assume is likely a very critical resource for bank directors, says that while newly appointed Bank Directors may have such mission critical skills as “basic management experience and skills, an inquisitive attitude, and a willingness to commit time and energy to bank matters” they likely miss “a basic knowledge of banking and what to consider in overseeing a bank.” Well thank goodness the Fed is there with this critical 5-minute guide in providing bank directors with all the information they need on how to to run a bank. And they wonder why some are sceptical about the soundness of the bank system.

HT to a well placed relative who is far more qualified than many on the Fed.

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