Word: oversights
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...Democrats are skeptical that the Administration has finally seen the merits of tighter financial oversight. They say Bush's move, while a good start and potentially capable of getting bipartisan support, fits more closely with the pattern he has established since they took over Congress in 2006: a near freeze on new regulations unless and until the legislative or scientific ground gives way beneath him, at which point he launches savvy, preemptive moves to limit the scope of any new regulatory power...
Alan Greenspan The king of easy money and little oversight kept the economy greased with low interest rates, but now the former Fed chairman is answerable for having made lending too available, especially to people who really couldn't afford to borrow...
Pity America's poor civil libertarians. In recent weeks, the papers have been full of stories about the warehousing of information on Americans by the National Security Agency, the interception of financial information by the CIA, the stripping of authority from a civilian intelligence oversight board by the White House, and the compilation of suspicious activity reports from banks by the Treasury Department. On Thursday, Justice Department Inspector General Glenn Fine released a report documenting continuing misuse of Patriot Act powers by the FBI. And to judge from the reaction in the country, nobody cares...
...Judiciary Committee, which must approve him before a full Senate vote. Now, a former CCA manager tells TIME that Puryear oversaw a reporting system in which accounts of major, sometimes violent prison disturbances and other significant events were often masked or minimized in accounts provided to government agencies with oversight over prison contracts. Ronald T. Jones, the former CCA manager, alleges that the company even began keeping two sets of books - one for internal use that described prison deficiencies in telling detail, and a second set that Jones describes as "doctored" for public consumption, to limit bad publicity, litigation...
...implication, its possible financial liability. As chief legal counsel, Puryear would have also had an obligation to ensure his board had all the information it needed, good or bad, to make decisions. If Puryear's reporting system had the effect of withholding information relevant to official prison oversight, that could bear on his suitability as a federal judge by suggesting his "disdain for the proper operation of an important function of government," notes Gillers...