Quotes About Oversight

each regulator was aware of only part of the problem, and some parts were not examined at all.

Guidance has less legal force than regulations, but it still carries considerable weight with bank examiners.

Nevertheless, despite his presence, here too regulation and supervision fell short.

Greenspan did not put a high priority on consumer protection.

Despite a sincere effort, the SEC was not well suited to supervising the investment banks.

was not subject to oversight by insurance regulators.

because I knew that there was plenty of blame to go around, including at the Fed and other regulatory agencies and in Congress.

but sometimes it seemed that she put the fund ahead of the interests of the broader financial system.)

under Dodd's bill we would also have little role in ensuring systemic stability.

Losing the authority to supervise smaller banks could create a dangerous blind spot.

undertaken in conjunction with the Treasury and other bank regulators).

It operated by responding to complaints and did not conduct regular examinations.

which would be responsible for managing the loans and would be on the hook for any losses.

It would also have the authority to examine individual institutions, in cooperation with the prudential regulator,

I saw the GSEs as the responsibility of Congress

from nonprofit organizations to push Obamacare—the same organizations responsible for directly implementing Obamacare and therefore subject to HHS oversight. • At virtually the same time, Republican lawmakers send a letter to the Environmental Protection Agency asking why the EPA has forced conservative groups to pay fees for Freedom of

Disintegrationist philosophy of government boils down to a government without limits, administered by bureaucrats without accountability.

Trusting too much to others' care is the ruin of many

Not to oversee workmen is to leave them your purse open.

If you would have your business done, go; if not, send. Want of care does us more damage than want of knowledge. Not to oversee workmen is to leave them your purse open.

I've always been fond of the saying that when it comes to oversight and reform, the federal government does two things well: nothing and overreact.

I'm largely in favor of financial reform.

My goal for reform is not necessarily to pass laws but to make sure the laws are being followed.

The Senate should refuse to confirm nominees who do not take Congressional power seriously.