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Comment Re:How to dupe the public... (Score 2, Informative) 214

The point is that under our divided, duplicative, wasteful banking "regulatory" system, the FDIC does not even insure or regulate credit unions....that is done by the NCUA. That would make the report to whoever ordered the security check even more embarassing. Their own employees didn't know that 1) FDIC has no visitorial powers, and 2) didnt know or don't have a procedure to have all regulatory inquiries go through a specific person/department. Pathetic.

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C'est magnifique, mais ce n'est pas l'Informatique. -- Bosquet [on seeing the IBM 4341]