"We need to do that". The oversight group will make the public aware "how big of a mess this is," Righeimer said, adding that the liability number is "mind-blowing.
The officials were satisfied that the oversight had not been intentional, the diplomat said.
Mr. Murtha's panel noted that "the oversight and administration of contracted security services is woefully inadequate".
The investigation that began this spring suggested that the oversight within the supply chain may also be more deeply compromised.
Responsible investigative journalism has unearthed a situation that the oversight system had no idea was taking place.
Christopher Cox, the commission chairman, said he agreed that the oversight program was "fundamentally flawed from the beginning".
Potentially more damaging to Mr. Hoffa were charges that the oversight board, the Independent Review Board, brought against Mr. Brennan.
In the letter, Mr. Falcon also said that the oversight office was continuing a broader inquiry into Fannie Mae's accounting.
She noted that the oversight has "in no way impacted" the company's ability to disperse aid to students.
Plaintiffs in the case, including a Nevada accounting firm, allege that the oversight board was endowed with unchecked government powers.
The law says that the oversight board should be composed of "individuals who have demonstrated commitment to the interests of investors and the public".
