Wednesday, July 08, 2009

IG's Now To Be President-Controlled?


Inspectors general at five financial regulatory agencies are objecting to legislation that would elevate their positions to the presidential-appointment level, arguing that the move would compromise their ability to conduct independent investigations.

The bill would elevate the five officials at the Federal Reserve Board of Governors, the Commodity Futures Trading Commission, the National Credit Union Administration, the Securities and Exchange Commission, and the Pension Benefit Guaranty Corp.

So if you haven't fired them, you just re-arrange their Patron, eh?

By the way, when you click through (below) you'll find another interesting nugget about a forthcoming TARP IG report...

HT: The Winning McCain

1 comment:

paul said...

I'm undecided on this. Some IGs are already appointed by the President. Do these require Senate Confirmation (and then can be compelled to appear before the Senate)? Are they for terms of certain length? Are they insulated from termination (I'm trying not to laugh at that one)? Is an IG appointed by his agency boss better than one appointed by POTUS?