Looks like the FDIC is catching some heat for not limiting commercial real estate loans and I'm wondering if they really ever do anything but make promises. There job is to insure Americans against these types of scenario and apparently all they can do is fail. How are we supposed to have faith in our banks and our deposists when we are faced with such a mistake prone organization with little to no controls in place to actually benefit us?
in reference to:"The Federal Deposit Insurance Corp.
failed to enforce its own guidelines to rein in excessive
commercial real estate lending by at least 20 banks that later
collapsed, reports by the agency’s watchdog show."
- FDIC Failed to Limit Commercial Real-Estate Loans, Reports Show - Bloomberg.com (view on Google Sidewiki)
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