Ron Paul Prescribes More Oversight For Federal Reserve

Rep. Ron Paul (R-Texas) says more oversight, not secrecy is what the Federal Reserve needs. :16
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Ron Paul Says Federal Reserve Needs To Be Watched

Rep. Ron Paul (R- Texas) says the Federal Reserve is no longer fulfilling the role it was created to fill, so he believes the entity needs government oversight. :34

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Fed General Counsel Equates More Oversight With Higher Interest Rates

Federal Reserve Board of Governors General Counsel Scott Alvarez says that if Rep. Ron Paul's (R- Texas) H.R. 1207 proposal is enacted, the public would lose confidence in the Fed's ability to control interest rates and monetary policies. :44
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Rep. Issa (R-Calif.): No One Given The Power To Force Mergers

Rep. Darrell Issa (R-Calif.) gives his opening statements at the hearing at the Committee on Oversight and Government regarding the Bank of America/Merrill Lynch merger. He stated that no entity has the explicit ability to force mergers (1:14)
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"Critical government programs…endangered by staffing crisis"

Professor Linda Bilmes of the John F. Kennedy School of Government at Harvard University speaks with Jay Goodman Tamboli about her new book, The People Factor: Strengthening America by Investing in Public Service and the staffing crisis that faces the American government. Bilmes and co-author W. Scott Gould are calling on a federal investment of $10 billion over the next five years to improve recruiting, training, and management of the federal workforce. (10:33)
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Waxman: Republicans enable Bush’s secrecy

Rep. Henry Waxman (D-Calif.) says that there was a dramatic contrast between the number of subpoenas issued by Rep. Dan Burton (R-Ind.) during the Clinton administration and by Rep. Tom Davis (R-Va.) during the Bush administration, saying that a lack of oversight over the last six years has allowed for the executive branch to be secretive without interference. (0:40)
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Waxman: Republicans keeping government from working

Rep. Henry Waxman (D-Calif.) says that US government agencies were once considered to the best of their kind, adding that Republicans seem to try to make government not work. (0:33)

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Protective services says that protection continues despite low funding

Gary Schenkel, Director of the Federal Protective Service (FPS), discusses how since taking over as director he has seen his department succeed in protecting Washington, D.C. despite a lack of sufficient government funding. (0:32)
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If We Paid Congress the Way We Pay CEO's, We Would Have More Legislation, Not Better

The House Oversight and Government Reform Committee held a hearing on “Executive Compensation II: Mortgage CEO Severance Packages,” focusing on CEOs involved in the ongoing subprime mortgage crisis.

Nell Minow, editor of The Corporate Library, says that the pay packages given to executives contributed directly to the economic crisis because they created incentives to produce more business rather than better. (0:45)
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ACLU describes the immunity provisions in the FISA revision passed by the Senate

Caroline Fredrickson, Director of the Washington Legislative Office of the ACLU, explains that the new law provides immunity to companies who provided call information even if they knew the requests by the government were illegal. (0:44)
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ACLU says Senate passage of new FISA law is a "bad deal for America"

Caroline Fredrickson, Director of the Washington Legislative Office of the ACLU, says that the FISA bill passed by the Senate removes court oversight from decisions by the president about who to monitor as well as giving immunity to companies that illegally turned over call information. (0:35)
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ACLU says administration attempt to keep warrantless wiretapping out of court is "extremely dangerous for democracy"

Caroline Fredrickson, Director of the Washington Legislative Office of the ACLU, reacts to Attorney General Mukasey's comments yesterday before the Senate Judiciary Committee that the telecommunications companies should be granted immunity in order to keep the president's warrantless wiretapping program out of the courts. Frederickson says insulating these kinds of activity from accountability would damage us as a nation. Moreover, courts are equipped to handle sensitive and classified information. (1:46)
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