The oversight commission, which is supposed to oversee the $500 billion that Congress handed to the Federal Reserve to help local governments and businesses survive the pandemic, is made up of five members: one appointed by each congressional leader, plus a chairman agreed upon by Senate Majority Leader Mitch McConnell (R-Ky.) and House Speaker Nancy Pelosi (D-Calif.).
Senate Minority Leader Chuck Schumer (D-N.Y.) moved quickly with his pick, naming Bharat Ramamurti, a former aide to Sen. Elizabeth Warren (D-Mass.), to the commission. But the rest of the congressional leaders didn’t name their picks until late on Friday. McConnell picked Sen. Pat Toomey (D-Pa.), a former banker and longtime ally of the financial services industry. House Minority Leader Kevin McCarthy (R-Calif.) picked Rep. French Hill (R-Ark.), another former banker.
But it was Pelosi’s pick that irritated progressives the most. She selected Rep. Donna Shalala (D-Fla.), citing the first-term, 79-year-old representative’s experience as Health and Human Services secretary under President Bill Clinton.
“Her leadership as Secretary of Health and Human Services will serve the American people extremely well, as she works to ensure that this historic coronavirus relief package is being used wisely and efficiently to protect the lives and livelihoods of the American people, and not be exploited by profiteers and price-gougers,” Pelosi said in announcing the appointment.
more
https://www.huffpost.com/entry/2-trillion-coronavirus-relief-no-oversight_n_5e9be558c5b635d25d6dbdf1
Money will vanish, and there will never be an accounting of it. Just requests for ‘more!’….
