Morning Smoke: Financial Rules Being Rewritten Behind Closed Doors at the Fed

MORNING SMOKE

Where there's smoke, there's fire. POGO's Morning Smoke is a collection of the freshest investigations, scoops, and opinions related to the world of government oversight. Have a story you'd like to see included? Contact POGO's blog edito

Financial Oversight

Fed Writes Sweeping Rules from Behind Closed Doors
Victoria McGrane and Jon Hilsenrath, The Wall Street Journal

The Dodd-Frank Act: Too Big Not to Fail
The Economist

SEC Surrender Continues with Bear Bankers Deal
William D. Cohan, Bloomberg

Consumer Bureau to Supervise Debt Collectors, Credit Bureaus
Carter Dougherty, Businessweek

Lobbying

Lobbyists Decertify After Obama Ban
Kevin Bogardus and Rachel Leven, The Hill

Nuclear Weapons

Congressman Throws Down the Gauntlet
Ralph Hutchison, Oak Ridge Environmental Peace Alliance

National Security

The Army's Abrams Gamble
Philip Ewing, DoD Buzz

Whistleblower Issues

Whistleblowers Improvement Act to Weaken Whistleblower Rights?
RTAmerica, Youtube

Revolving Door

SAIC Names Jumper Next CEO
Marjorie Censer, The Washington Post

Comments

[Dfens]

Did you see this article:

Pentagon IG Reviewing Fatal Raptor Crash. Thursday Feb 9, 2012.

The Pentagon inspector general is investigating the Air Force's conclusions on a fatal F-22 crash, an unusual step for what are typically routine probes into aircraft accidents.

The IG sent a Jan. 25 letter to Air Force Secretary Michael Donley, saying the agency would investigate the Aircraft Investigation Board report into the November 2010 incident in Alaska, which killed Capt. Jeffrey Haney.

The Air Force's investigation blamed Haney for the crash, saying that Haney didn't react quickly enough to activate the jet's emergency oxygen system or recover from a dive he entered into as he struggled to breathe. However, the report also confirms that a malfunction occurred in the Raptor's bleed air intakes, which caused an automatic shutdown of multiple aircraft functions that included the F-22's primary oxygen system. - Air Force Times

As far as this aerospace engineer is concerned, there is never, I repeat NEVER, a good reason to shut off the pilot's air supply. If there is a backup supply, it should be brought online BEFORE the primary system is shut down. Doing otherwise almost guarantees the pilot will die.