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Not many government operations function well, so it's worth noting the recent performance of the Federal Deposit Insurance Corporation, the low-key agency that insures most bank accounts up to $100,000.(THE WEEK)(Brief article)

National Review

| September 15, 2008 | COPYRIGHT 2008 National Review, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

* Not many government operations function well, so it's worth noting the recent performance of the Federal Deposit Insurance Corporation, the low-key agency that insures most bank accounts up to $100,000. When Kansas's Columbian Bank and Trust Co. became the ninth American bank to fail this year, the FDIC smoothly did what it has done in the other cases: efficiently arrange for another bank to take over the insolvent bank's assets. Depositors were protected not only from loss, but from inconvenience: In most cases, checks could be written, ATM cards used, and business conducted as normal. Bank failures are not ...

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