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Six years of state oversight with little noticeable improvement has left bitter feelings in the community.
In theory, the Philippine authorities should have exercised their regulatory oversight with far more diligence.
Local officials carry out education policy under Moscow's oversight, with some latitude.
She connected the mortgage crisis and the lack of oversight with state politics and the political power of developers.
Someday, those powers might include running a federal system of bank oversight with Europe-wide deposit insurance.
But watchdogs contend Guatemala's military has little civilian oversight, with a history of intimidation squelching most complaints.
"We won't solve a problem caused by poor oversight with a plan that has no oversight," Mr. McCain said here.
The Institute of Directors also raised concerns about the ability of the board to exercise independent oversight with members included.
The relatively open environment has led to several scandals that have caused Major League Baseball to attempt stronger oversight, with limited results.
They could end up like miniature versions of Fannie Mae and Freddie Mac, stuck in conservatorships under government oversight with no clear way out.
But he might have made his case for financial responsibility and prudent monetary oversight with a slower, more careful reading of American political and economic history.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com