oversight

The government must toughen its monitoring of the $700 billion financial bailout to ensure that banking institutions limit their top executives' pay and comply with other restrictions, federal auditors said Tuesday in the first comprehensive review of the rescue package.

The government must toughen its monitoring of the bailout to ensure that banks limit executives’ pay and comply with other restrictions, federal auditors said Tuesday.

While money has been pouring out of program, no formal action has been taken to fill independent watchdog posts established by Congress.

Where we are has been rehashed by the media and the politicians over and over. Simply stated and without pointing a finger at anyone, greed, leverage and poor oversight (what's new?) has created the biggest threat to the American financial system since the great depression.

With the passage of the $700 billion rescue package, the financial industry will face greater congressional scrutiny in coming weeks and months.

Nine U.S. airlines outsourced more than 70 percent of their major aircraft maintenance last year, and federal aviation officials' oversight of repair facilities is lagging, according to a government report.

Discussions with the Bush administration have addressed measures such as increased oversight and aid for homeowners at risk of foreclosure.

A week of intense negotiation is expected as Congressional Democrats said they wanted greater oversight of the Treasury, among other measures.

Senate Commerce Committee to hold “Countdown to February 2009” hearing Sept. 23.

Senate Commerce Committee will likely follow lead of House Telecommunications & Internet Subcommittee and schedule DTV-oversight hearing.