BizJournals Portfolio
Home >   Business Views, Opinions and Blogs >   Business Blogs >   Market Movers >  

The Fdics Brand New Job

Market Movers

by Felix Salmon
Main
Citi's Michael Klein Gets $5.5 Million Retention Bonus on Departing   Geithner's Brave New Regulatory World: An IMterview

Recent Blog Posts

Links

Mar 26 2009 9:23am EDT

The FDIC's Brand New Job

Steve Waldman puts his finger on the mission-creep problem at the FDIC:

It's as if an insurance company that ordinarily refuses to cover homes in hurricane states suddenly offered policies only to purchasers looking to build homes on Gulf-coast barrier islands.

Waldman in general does a great job at explaining how the FDIC's new insurance is an entirely different animal from its old insurance -- for one thing, entire banks don't need to go bust before it kicks in. The FDIC was good at its old job. But that's no reason to believe it'll be good at its new one, too.

. □

blog comments powered by Disqus
 
Feedbackpowered byPowered by WebUltra
Great Global Business Adventure
Watch Out for Competitors

To win in the global race, don't get distracted by competitive noise and focus on your clients.

A Brighter Future

David Duncan sees signs of sales rebounding at his candlemaking firm Paddywax.

Green Is Global

If you’re in cleantech, you’re a global business, even if you’re local.

spotlight on

Football Fever

Gridiron Green

Who is more valuable, a star quarterback who makes $14 million a year or a player on the bench who pulls in a fraction that amount? In the NFL, a big paycheck doesn't necessarily mean big performance. Read More