Compliance Humor

The following was written by Anita Garrett, CRCM of Jefferson Wells International and printed in the Bankers Online Guru newsletter. Enjoy!

"The Creation"

In the beginning

Was the proposed rule

And then came the assumptions

And the assumptions were without form

And the proposed rule was completely without substance

And the darkness was upon the face of the bankers

And they spaketh amongst themselves, saying

"It is a crock of crap and it stinketh."

And the bankers went unto their Associations and sayeth,

"It is a pail of dung, and none may abide the odor thereof."

And the Associations went unto the Sub-Committees

And sayeth unto them,

"It is a container of excrement, and it is very strong

Such that none here may abide by it."

And the Sub-Committees went unto their Congressmen & Senators and sayeth,

"It is a vessel of fertilizer, and none may abide its strength."

And the Congressmen & Senators spoke amongst themselves, saying one to another.

"It contains that which aids plant growth,

And it is very strong."

"It promotes growth and is very powerful."

And the Congressmen & Senators went unto the President and sayeth unto him,

"This new rule will actively promote the growth

And efficiency of all banks, and these areas in particular,

And will serve as a comfort and protection for our constituents."

And the President looked upon the rule and saw that is was good

And the rule became

Regulation X.