- Thebillcreatesanoversightboardwiththeauthoritytoinvestigateandpunishaccountingfirms.ButCatesaystheseareemptywords,becauseCongresscreatedaprivacyandcivillibertiesoversightboardyearsagothathasyettobeseated.IservedonasafetyoversightboardattheDayaBayplan...
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- DetractorshavealsoarguedthattheFedmustremainimmunefromthepoliticalprocess,andthatthatmorecongressionaloversightwoulddistorttheirveryimportantdecisions.Thenewbill,whichalsoallowsforgreatercongressionaloversightofsuchsurveillance,couldbevotedonnextweek...
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- Youneedoversightandaccountability.Theoversightissuedinheavylosses.Ithastohaveaccountabilityandoversight.Thisisnominoroversightofauctiontheory.Moreoversightofthebanksinthismarketisneeded,hesaid.Theproposalincludesstrictoversightprovisions,includingthe...
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