Word: oversight
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Dates: during 2010-2019
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...Toyota's North American president, Yoshi Inaba, is set to testify with other company bigwigs about Toyota's safety record at a House Oversight and Government Reform Committee hearing. LaHood has said civil penalties are a strong possibility...
...best government is the government that governs least.” What Jefferson intended was for a system of self-regulating government. The financial crises on Wall Street and Main Street in late 2008 exposed the fissures of this political philosophy. The abject lack of oversight by the Securities and Exchange Commission, the Bush administration, and Wall Street executives resulted in a full-blown recession and difficult financial times for all Americans...
...Mindful of the cloud of suspicion that remains over his administration following its return to power in flawed elections, Karzai in London reiterated his pledge to tackle Afghanistan's rampant corruption. At the summit, he announced the creation of an independent High Office of Oversight to investigate corrupt officials and the strengthening of other anticorruption bodies. "Fighting corruption will be the key focus of my second term of office," Karzai promised. "We are determined to put an end to the culture of impunity." (See pictures of British soldiers in Afghanistan...
...differences were technical or turf-based: how to structure the resolution authority and regulate systemic risks, a loophole exempting "industrial loan companies" from various regulations, more loopholes shielding community banks and auto dealers (known for their pull with local Congressmen) from the new consumer agency's direct oversight. House Financial Services Committee chairman Barney Frank points out that the Republican alternative to the bill consisted of ending TARP and otherwise maintaining the status quo; he's surprised the GOP hasn't paid a political price. "I'm disappointed with the zeitgeist," Frank says. "The Republicans are so extreme they couldn...
...another Wall Street lobbyist puts it, "Americans don't care whether Morgan Stanley keeps its prop desk." Obama knows he has little chance to transform the system if regulatory reform gets bogged down over health-care-style intricacies. The good news for Obama is that nobody claims our financial oversight is the best in the world. He may have a chance for reform if he can boil it down to one simple question...