From the obvious dept - regulators incompetent

"USA Today, playing Captain Obvious, has an article that highlights how federal regulators failed to properly oversee banking institutions and missed key warning signs of the meltdown as early as 2005. The FDIC blames the OCC (Office of the Comptroller of the Currency) and other regulatory bodies for incompetence and indifference in the face of mounting problems at small banks that should have been the canaries in the coal mine for broader systemic issues."