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Trat12345

Why hasn't Congress filled the independent oversight posts for the $700 billion rescue package?

Trat12345:

In the six weeks since lawmakers approved the Treasury's massive bailout of financial firms, the government has poured money into the country's largest banks, recruited smaller banks into the program and repeatedly widened its scope to cover yet other types of businesses, from insurers to consumer lenders.
Yet for all this activity, no formal action has been taken to fill the independent oversight posts established by Congress when it approved the bailout to prevent corruption and government waste. Nor has the first monitoring report required by lawmakers been completed, though the initial deadline has passed.

Lynn:

Oversight is one thing, enforcement is another. For example, there was an oversight committee to see to it that Freddie and Fannie ran smoothly, and when the dust settled both Franklin Raines and the committee walked away with cash in pocket. This happens right under our noses and the most that happens is an occasional slap on the wrist.
With Obama recieving a whopping $600 million in campaign contributions there will be many a favor to return. I'm not holding my breathe for better oversight anytime soon. The thieves have our politians in their back pocket.

DJ:

Congress needs to find a no nonsense person for the post. Who ever takes the job is going to be one real tough and "strapped" cookie!

Bert:

Because it's filled with incompetent leaders that don't really know what the hell to do. They need to kick out pretty much everyone and fill it with people that care more about the country than how much they make or helping out lobbyists.

Randy:

That's what you get when Democrats have control.

Ricke124:

The democrats will take their time finding someone to fill the post.

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