Washington Bus. Journal: ‘FDIC To Hire More Than 1,600‘
Wow. Government really is the only growth industry.
And it shouldn’t go without mention that the primary purpose of the FDIC is to deal with and close down floundering and failed financial institutions, paying off insured deposit claims and such from those account holders caught up in the downward spiral. Considering that, why would the FDIC need to bring 1,600 new staffers on board if, as the Obama administration insists, the recession is actually over and we’re on our way to recovery?
When we look for indications as to where this economy is going, and what the government flunkies really think, perhaps we should look at actions rather than press releases.