Word: oversights
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...strings. "It's happening with the [$700 billion bank-bailout] program, where there is no strategy, and we're just throwing money out there," said Senator Bob Menendez, a New Jersey Democrat. In addition to monthly updates on the Big Three's progress, many members of Congress want an oversight board or a single trustee to be empowered to win concessions from employees, retirees, dealers and creditors that are essential for any long-term restructuring plan to work...
...like Lehman Bros. and Bear Stearns, the collapse and sale of Merrill Lynch, or he bailout of A.I.G. Richard S. Fuld, Jr., Lehman’s CEO, might not face any more discomfort than his public roasting by Rep. Henry Waxman, the new chairman of the House Committee on Oversight and Government Reform. No judge can sentence him to pay back the $300 million he took from the company in the last few years, because he did so legally—if unethically...
...Gettelfinger indicated that the union also expects the combination of concession and federal aid to prevent automakers from shifting more jobs out of the United States. "We support the creation of an oversight board to make sure the investment stays in this country. We would not support using taxpayer money out of the United States," he said...
...their job,” she said in the article. Warren did not return requests for further comment yesterday. She said that flat wages, low savings, and high debt have left American households in financial limbo over the past few years. Warren, who was appointed to the four-member oversight committee by Senate Majority Leader Harry Reid, said that asking the right questions will be crucial to moving the economy out of the crisis. “Our role is to make sure that the right questions are asked as early as possible,” Warren said...
...also chairman of the Committee on Education Abroad—said that after more than a year of deliberation, the committee has decided on three specific factors that define a “significant international experience:” cultural immersion, faculty involvement, and curricular integration. The CEA provides oversight for the University’s development of travel abroad programs and will evaluate all student applications for the Rockefeller grants, according to Lue. He added that the Office of International Programs will provide the “logistical infrastructure” necessary to administer the grants. Lue said that...