Cloud computing makes me nervous

After the recent news of Freddie, Fannie, Bear Sterns, Lehman Bros, Merrill Lynch, and AIG, I got to thinking about how much of my work is online—Google Docs, Gmail, WordPress, Wikidot, etc.  If our highly-regulated banking industry can fail, why not these young unregulated internet sites? Should there be an FDIC equivalent for the “banks” that…