How wrong regulators can be

Wednesday, Oct 14, 2009

At the end of September 2007, more than 99 percent of all FDIC-insured institutions met or exceeded the highest regulatory capital standards.

Overview of the Industry, Federal Deposit Insurance Corporation (FDIC), 2007 Annual Report, http://www.fdic.gov/about/strategic/report/2007annualreport/statements_overview.html.