by D. Cupples | When House Oversight Committee Chairman Henry Waxman starts looking into something, boots start quaking and pant legs become conspicuously wet. That's because Waxman and his staff are often better than our FBI at investigating corruption and informing us taxpayers about it.
That's why I love Waxman. I really do -- though in a perfectly appropriate way, of which his wife would not disapprove.
We certainly cannot count on Bush Administration officials to root out and report corruption -- not if their track record is any indication. We cannot count on most media, either.
For that reason, I was comforted when reading that Congressman Waxman has decided to look into the collapse of AIG and Lehman brothers, as well as the Interior Department scandal (the one involving sex and drugs and gifts for our nation's regulators, courtesy or our nation's oil companies).
Waxman has scheduled an October 6 hearing re: Lehman Brothers' bankruptcy and an October 7 hearing re: events and practices leading to AIG's bailout. In a nutshell, this is Waxman's take:
"'Lax oversight and reckless investments on Wall Street are causing massive disruption throughout our economy,' said Chairman Waxman. "Our hearings will examine what went wrong and who should be held to account.'”
That was pretty much my take, even before I read Waxman's. Thank God someone is focusing on analyzing the problems, preventing them in the future, and holding people accountable.
Accountability is precisely what Waxman is about -- which is why guys like Rush Limbaugh and Dick Cheney seem to have major aversions to our obviously dedicated Oversight Committee Chairman.
About the Interior Department scandal, Inspector General Earl Devaney is set to testify before Waxman's Committee tomorrow. Mr. Devaney investigated and reported on the scandal, but Congressman Waxman apparently feels that some information is missing -- which is why he sent a letter to Mr. Devaney requesting more information.
This'll be interesting.
Other Buck Naked Politics Posts:
* Interior Dept. Probe: Are Some Folks Being Protected?
* The Age of Corporate Welfare: Heads they Win, Tails You Lose
* AIG's $85 Billion Bailout: See What Anti-Regulation Ideology Can Do?
* Lehman Brothers Bankruptcy: What it Might Not Mean
* FDIC Says More Bank Troubles Ahead
* Obama Pummels McCain on Economic Policy
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