Source of graphic: online version of the NYT article quoted and cited below.
(p. 9) Who’s to blame for the implosion of financial markets? The finger-pointing has gone in every direction, and it’s easy to see why: the regulatory structure points in every direction.
The apparatus that oversees the nation’s financial system is an ad hoc creation: every time there is a fiscal panic, new agencies are formed and existing ones receive new responsibilities.
For the full comment, see:
HANNAH FAIRFIELD. “Metrics; A Snarl of Regulation.” The New York Times, SundayBusiness Section (Sun., October 4, 2008): 9.