A Bureaucracy With Less Workers?

I recently saw some numbers, pertaining to employees working at the Federal Deposit Insurance Corporation or FDIC. We know the organization as the overseer of deposit insurance and the caretaker for solvency of banks which fail.

In 1995, the agency had had about 12,000 employees; the number is now down to about 4,500.

I cannot say why this occurred while the other agencies grew. . Politics and inter-agency bickering is probably the underlying reason. I may add, however, that the FDIC has done a far better job than many of the other banking and monetary agencies the U.S. government employs. (See the Earl J. Weinreb NewsHole® comments and @BusinessNewshole at twitter.)