Tuesday, March 04, 2008

Bracing for Well Over 100 Bank Failures

Government agencies are not known for being ahead of the curve. In fact, if they respond at all to serious concerns under their purview, they usually end up doing too little, too late, or they shut the barn door long after the horse has bolted.

Still, even bureaucrats manage to get things right once in a while, and I believe today's Wall Street Journal report, "FDIC to Add Staff as Bank Failures Loom," details one of those times.


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