The Democrat-controlled Congress and the Obama administration seem bent on eliminating all checks and balances from government. For those educated in public schools, those are the things that keep us one step from tyranny. Here’s the latest in that seamy endeavor:
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. …
The bill, passed last month by the House and awaiting Senate consideration, comes amid a period of increased tension for the government watchdog community, which has seen the departure or dismissal of three inspectors general in recent weeks.
