The above charts show that FDIC resources have not kept pace with the growth in the U.S. banking industry in recent years. I’m not a fan of burdensome government oversight. However, I am also not a fan of the banking crisis we have today which has lead to even more government involvement (bailouts, public investments, talk of nationalization, a “too big to fail” policy).
Data source:
FDIC
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interesting chart. not really sure how it has happened, but the federal government (and agencies) have all grown exponentially over the years, but in key financial areas they’ve slid as the chart has shown.
Comment by Jake — May 15, 2009 @ 5:35 am