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Congressional Oversight

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Congressional Oversight stories:

Congress Grows Fed Up Despite Central Bank's Push
Nov 20th, 2009 - Wall Street Journal
WASHINGTON -- The Federal Reserve's strategy to fend off a barrage of attacks from Congress, largely centered on low-key diplomacy by Chairman Ben Bernanke, isn't succeeding so far. Many Democrats and Republicans praise Mr...
us government backed $4.3 trillion in assets in crisis: report
Nov 6th, 2009 - Reuters
WASHINGTON (Reuters) - The U.S. government guaranteed as much as $4.3 trillion in financial assets last year, making such backstops the biggest and riskiest part of Washington's response to the financial crisis...
TARP Watchdog Sees Possible Profits From Guarantee Programs
Nov 6th, 2009 - CNNMoney
WASHINGTON -(Dow Jones)- The U.S. government is likely to make a profit ontrillions of dollars in guarantees made during the height of the financialcrisis, though such arrangements do expose taxpayers to significant risk...
US Should Give More Detail on Citigroup Guarantee, Panel Says
Nov 6th, 2009 - Bloomberg
Nov. 6 (Bloomberg) -- The U.S. Treasury Department shouldprovide regular disclosures about losses in the $301 billionpool of Citigroup Inc. assets that the government guaranteedlast year in its bid to stave off the bank’s collapse...
US Treasury-new capital program can launch quickly
Oct 22nd, 2009 - Reuters
WASHINGTON, Oct 22 (Reuters) - The head of the U.S.Treasury's $700 billion financial bailout fund said on Thursdaya new program to provide lower-cost government capital...

Congressional Oversight videos from YouTube:

6:44
Elizabeth Warren: Treasury Sec. and Congressional Oversight Panel are not on the same page
Elizabeth Warren: Treasury Sec. and Congressional Oversight Panel are not on the same page visit: firedoglake.com
1:36
What Just Happened?
Watch our latest ad. ... NRCC ad Democrats failure Barney Frank Charlie Rangel Maxine Water Meeks bailout Fannie Mae Freddie Mac
9:36
"We Have A Real Problem Coming..." Elizabeth Warren- head of the Congressional Oversight Panel
(because if they did they would have to write them down). * The smaller banks are undercapitalized and will have to raise another $12-$14 billion. And so on... Those are the basic messages from Elizabeth Warren ...
4:52
Congressional Oversight Panel and Inspector General Agree PROFIT Act is the best method for Treasury
US Rep. Mary Jo Kilroy questioned the head of two government bailout watchdogs and both agreed a public auction to sell taxpayer "stock options" would be the most transparent and maximize profit returns for Americans.

Congressional Oversight from WikiPedia:

Congressional Oversight refers to oversight by the United States Congress of the Executive Branch, including the numerous U.S. federal agencies. Congressional Oversight refers to the review, monitoring, and supervision of federal agencies, programs, activities, and policy implementation. Congress exercises this power largely through its standing committee system. However, oversight, which dates to the earliest days of the Republic, also occurs in a wide variety of congressional activities and contexts. These include authorization, appropriations, investigative, and legislative hearings by standing committees; specialized investigations by select committees; and reviews and studies by congressional support agencies and staff.

Congress’s oversight authority derives from its “implied” powers in the Constitution, public laws, and House and Senate rules. It is an integral part of the American system of checks and balances.