Word: oversight
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Here was McCain: "Never before in the history of our nation has so much power and money been concentrated in the hands of one person ... We won't solve a problem caused by poor oversight with a plan that has no oversight...
...Here was Obama: "It is wholly unreasonable to expect that American taxpayers would or should hand this Administration or any Administration a $700 billion blank check with absolutely no oversight or conditions when a lack of oversight in Washington and on Wall Street is exactly what got us into this mess...
...Will all of the federal wheeling and dealing come with transparency and oversight? Maybe. The bailout is being undertaken by the U.S. Treasury, which means it can't be hidden away or done "off the books" in an effort to minimize its apparent scope. The Treasury will consult with experts to figure out "mechanisms for buying assets and from whom to buy," Paulson said Tuesday. "We do not know exactly what the best design is." But it's leaning toward conducting "reverse auctions" in which the Treasury would, for example, buy $1 billion in bad mortgages from whichever institution would...
Paulson faces other problems on Capitol Hill too. Both parties in Congress are by now deeply skeptical of any new Administration demands for increased executive authority and are vehemently pushing for more oversight of how Treasury will manage the bailout. The Paulson plan is bigger in that regard than just about anything Bush asked for in the war on terror. Section eight of the proposal he sent to Congress says, for example, "Decisions by the Secretary pursuant to the authority of this Act are non-reviewable and committed to agency discretion, and may not be reviewed by any court...
...extraordinary. First came a mudslide that obliterated much of a mining village in the province of Shanxi on Sept. 8. The official death toll was 265, but some Chinese media reports - soon suppressed - said it may have been much higher. The incident was blamed on corruption and failed regulatory oversight and resulted in the resignations of the province's governor and his deputy (they resigned without being charged with a specific crime). Soon after, three accidents in coal mines killed another 79 people, and a disco fire - once again blamed on lax regulation - killed an estimated 43 revelers...