4 ms·
The FDIC kinda reminds me of one of the few bureaucracies in the US that: a) serve the American people (and not some shadowy cabal of billionaires intent on sq
by _huayra_ 4y ago
The FDIC kinda reminds me of one of the few bureaucracies in the US that:
a) serve the American people (and not some shadowy cabal of billionaires intent on squeezing the average Jane and Joe in every conceivable way via capturing the tools of the state)
b) is staffed by people who are extremely qualified and truly enjoy their job (compared to the DMV in most states...)
It reminds me of this America in Decay essay [0], which goes over the rise and fall of truly great political institutions in the US before they became captured by conflicting interests, nepotism, and outright double dealing (think: revolving door between SEC and finance; don't want to put the screws too closely to your next potential employer). The FDIC is one of the last from that era it seems.
[0] https://www.foreignaffairs.com/united-states/america-decay https://www.foreignaffairs.com/united-states/america-decay
- piperswe 4y agoIt helps that the FDIC runs more like a federally chartered insurance company than a federal agency
- explaininjs 4y agoAlso: NOAA, USFWS, BLM, USFS, USGS, NIST, USCG, ... there's a lot. :)
- Aperocky 4y agoAdd USACE for our public docks.
- explaininjs 4y agoInspiration for this gem too https://m.youtube.com/watch?v=uwiTs60VoTM https://m.youtube.com/watch?v=uwiTs60VoTM (the timeline is admittedly dicey but I couldn't resist)