"As the House of Bishops, we have come to the conclusion that Bishop Bennison's capacity to exercise the ministry of pastoral oversight is irretrievably damaged," the bishops said in a resolution passed overwhelmingly during their meeting in Phoenix.
As the contagion spread to brokerage and even insurance firms, public confidence in both the economy and government oversight plummeted, causing serious damage to McCain, a free-market advocate, and lending credibility to Obama's mantra for change.
That's ironic in retrospect, because no amount of legislative oversight could have done more damage to CIRM's credibility than it has done to itself by its arrogance and administrative ineptitude. .
It will take years to understand the long term impact of the oil spill on the health of those living nearby but this is a story about corporate greed, poor oversight, insufficient contingency planning, environmental damage, loss of livelihood and a few tragic deaths -- not a story about the immediate loss of hundreds of thousands of lives.
For years he has been warned that the lack of local oversight in our school system will damage education standards.
"He has been receiving warnings for years that the lack of local oversight in our school system will damage education standards," Mr Hunt said.
Oversight could have limited the enormous damage done by reckless and predatory lending.
Worse yet, discrete management oversights that might have produced limited damage in earlier generations became systemic failures precisely because markets had been linked together in vertical mergers and other complementary transactions.
Certainly, some of these cases involve instances where better oversight could have minimized some of the damage.
"When these trades go awry, and there is not enough oversight, they can cause a lot of damage very quickly".
