Sunday, March 8, 2009

Reboot Congress: Unsupervised!?!

Reboot Congress: Unsupervised!?!

Unsupervised!?! Are you kidding me? Here's a list of "supervisors" that failed to prevent various and sundry aspects of the financial meltdown:

1. Congress (House and Senate, added 3/7/9)
2. US Treasury
3. Federal Deposit Insurance Corporation (FDIC)
4. Federal Reserve ("The Fed")
5. Office of the Comptroller of the Currency (OCC)
6. Security and Exchange Commission (SEC)
7. Bureau of the Public Debt (I bet they're busy these days!)
8. Community Development Financial Institution Fund (CDFI)
9. Financial Crimes Enforcement Network (FinCEN)
10. Federal Inspectors General
11. Office of Thrift Supervision (OTS)
12. National Credit Union Administration (NCUA)
13. Housing and Urban Development (HUD)
14. Office of Fair Housing and Equal Opportunity (FHEO)
15. Federal Housing Administration (FHA)
16. Fannie Mae
17. Freddie Mac
18. Ginnie Mae

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