The Fed Chair, Ben Bernanke, intends to fight to preserve the bureaucratic power of the Fed. We know the Fed failed to exercise its responsibilities before the Great Crash, to the detriment of everyone in society, except the financial elites. He should count himself lucky to have a job.

If you are looking for a job in the field of banking regulation and oversight, Uncle Sam wants you. They just announced they will be hiring 1600 new employees and are practically doubling their Receivership budget for next year.

It sure doesn’t look like Sheila Bair thinks things in the banking world have hit bottom yet. 2010 is going to be a very busy year for the FDIC.