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Corporate Crime: Prosecutors Adhered to Guidance in Selecting Monitors for Deferred Prosecution and Non-Prosecution Agreements, but DOJ Could Better Communicate Its Role in Resolving Conflicts (open access)

Corporate Crime: Prosecutors Adhered to Guidance in Selecting Monitors for Deferred Prosecution and Non-Prosecution Agreements, but DOJ Could Better Communicate Its Role in Resolving Conflicts

Testimony issued by the Government Accountability Office with an abstract that begins "Recent cases of corporate fraud and mismanagement heighten the Department of Justice's (DOJ) need to appropriately punish and deter corporate crime. Recently, DOJ has made more use of deferred prosecution and non-prosecution agreements (DPAs and NPAs), in which prosecutors may require company reform, among other things, in exchange for deferring prosecution, and may also require companies to hire an independent monitor to oversee compliance. This testimony addresses (1) the extent to which prosecutors adhered to DOJ's monitor selection guidelines, (2) the prior work experience of monitors and companies' opinions of this experience, and (3) the extent to which companies raised concerns about their monitors, and whether DOJ had defined its role in resolving these concerns. Among other steps, GAO reviewed DOJ guidance and examined the 152 agreements negotiated from 1993 (when the first 2 were signed) through September 2009. GAO also interviewed DOJ officials, obtained information on the prior work experience of monitors who had been selected, and interviewed representatives from 13 companies with agreements that required monitors. These results, while not generalizable, provide insights into monitor selection and oversight."
Date: November 19, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Oral History Interview with Harold Scott, November 19, 2009 (open access)

Oral History Interview with Harold Scott, November 19, 2009

The National Museum of the Pacific War presents an oral interview with Harold Scott. Scott was born in San Antonio, Texas on 17 April 1922. Upon joining the Navy on 8 December 1941, he went to the San Diego Naval Training Station for three weeks of boot training. When completed, he was assigned to the USS New Orleans (CA-32). He was assigned as a gunner on a 20mm deck gun even though he had not received any gunnery training. He experienced various combat situations including participation in the Battle of the Coral Sea and the Battle of Tassafaronga in which the bow of the New Orleans was blown off. He tells of the efforts put forth that allowed the ship to go to the Puget Sound Navy Yard in Bremerton, Washington for major repairs. After being repaired the ship returned to the Pacific and participated in several invasions. In 1944 the ship was part of a force that endured a typhoon in which several ships were sunk and Scott describes the experience.
Date: November 19, 2009
Creator: Scott, Harold
System: The Portal to Texas History
Oral History Interview with Harry Gill, November 19, 2009 (open access)

Oral History Interview with Harry Gill, November 19, 2009

The National Museum of the Pacific War presents an interview with Harry Gill. Gill joined the Army Air Forces in January of 1942. After basic training, he traveled to New Guinea for additional training in jungle fighting and helped build a sawmill, officers housing and the mess hall. He describes his 3 years living and working in the jungle. He was transferred to the other side of the mountains in New Guinea, to a town called Finschhafen, where he served as an airplane mechanic. He worked on B-25s, B-24s, P-38s and P-51s. They also traveled to Numfoor Island, Australia and the Philippines. He was discharged in 1945.
Date: November 19, 2009
Creator: Gill, Harry
System: The Portal to Texas History
Oral History Interview with Lyle Bradley, November 19, 2009 (open access)

Oral History Interview with Lyle Bradley, November 19, 2009

The National Museum of the Pacific War presents an oral interview with Lyle Bradley. Bradley was born in Key West, Iowa on 22 November 1924. After graduating from the University of Dubuque, in 1942 he joined the Navy and went to Aberdeen, South Dakota where he began his initial pilot training. He was stationed at several airfields and flew various aircraft prior to going to Pensacola Naval Air Station, Florida where he received his wings in April 1944. After taking advanced training in the F4F Wildcat fighter he was sent to California where he began flying the F4U Corsair. Upon becoming carrier qualified Bradley reported VMF-123 aboard the USS Bennington (CV-20). On one combat mission, his flight received credit for destroying ten kamikaze aircraft on the ground. He also tells of a mission during which he shot down a Japanese fighter plane. He remembers being in a typhoon in 1945 in which a number of US ships sank. Following the Surrender of Japan, Bradley was discharged but remained in the Naval Reserve. He was recalled to active service during the Korean War and joined VMF-214 in Japan. He describes some of the actions in which he was involved including a …
Date: November 19, 2009
Creator: Bradley, Lyle
System: The Portal to Texas History
Oral History Interview with Max C. Duncan, November 19, 2009 (open access)

Oral History Interview with Max C. Duncan, November 19, 2009

The National Museum of the Pacific War presents an oral interview with Max Duncan. Duncan was born in Avondale, North Carolina on 17 June 1921. After graduating from high school he attended The Citadel, in Charleston, South Carolina for a year before entering the US Naval Academy. He graduated from Annapolis in December 1941. He points out that, at that time, every newly commissioned officer had to go to sea before they could specialize. Duncan was assigned as a gunnery officer on the USS Milwaukee (CL-5). In 1943 he was ordered to New London, Connecticut for three months of submarine training. Upon completing the training he went to Midway Island as part of a refit crew. While there, he was assigned to the USS Barb (SS-220) commanded by Eugene Fluckey. He recalls that on his first patrol the crew picked up allied survivors from the Japanese prisoner of war ship, SS Rakuyo Maru. The crew also sank two Japanese ships during this patrol. After completing the patrol, the Barb went to Majuro for refit. There they formed a wolf pack with the USS Queenfish (SS-393) and USS Picuda (SS-338) and patrolled in the East China Sea. He discusses the differences …
Date: November 19, 2009
Creator: Duncan, Max C.
System: The Portal to Texas History
Recovery Act: Recipient Reported Jobs Data Provide Some Insight into Use of Recovery Act Funding, but Data Quality and Reporting Issues Need Attention (open access)

Recovery Act: Recipient Reported Jobs Data Provide Some Insight into Use of Recovery Act Funding, but Data Quality and Reporting Issues Need Attention

Testimony issued by the Government Accountability Office with an abstract that begins "This testimony discusses the report being issued today on the first set of recipient reports made available in October 2009 in response to the American Recovery and Reinvestment Act's section 1512 requirement. On October 30, Recovery.gov (the federal Web site on Recovery Act spending) reported that more than 100,000 recipients had reported hundreds of thousands of jobs created or retained. GAO is required to comment quarterly on the estimates of jobs created or retained as reported by direct recipients of Recovery Act funding from federal agencies. In the first quarterly GAO report, being released today, we address the following issues: (1) the extent to which recipients were able to fulfill their reporting requirements and the processes in place to help ensure recipient reporting data quality and (2) how macroeconomic data and methods, and the recipient reports, can be used to help gauge the employment effects of the Recovery Act. Because the recipient reporting effort will be an ongoing process of cumulative reporting, our review represents a snapshot in time. At this juncture, given the national scale of the recipient reporting exercise and the limited time frames in which …
Date: November 19, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Service-Disabled Veteran-Owned Small Business Program: Case Studies Show Fraud and Abuse Allowed Ineligible Firms to Obtain Millions of Dollars in Contracts (open access)

Service-Disabled Veteran-Owned Small Business Program: Case Studies Show Fraud and Abuse Allowed Ineligible Firms to Obtain Millions of Dollars in Contracts

Testimony issued by the Government Accountability Office with an abstract that begins "The Small Business Administration (SBA), which, along with federal procuring activities, administers the Service-Disabled Veteran-Owned Small Business (SDVOSB) program, reported in fiscal year 2008 that $6.5 billion in federal contracts were awarded to firms who self-certified themselves as SDVOSBs. Government contracts to SDVOSBs accounted for only 1.5 percent of all government contract dollars paid in fiscal year 2008. Since the SDVOSB program began, the government has not met its annual mandated goal of 3 percent. In addition to SBA's statutory authority over administration of the SDVOSB program, several other government agencies have separate authority over issues related to the SDVOSB program. The Veterans Benefits, Health Care, and Information Technology Act requires the Department of Veterans Affairs (VA) to maintain a database of SDVOSBs and Veteran-Owned Small Businesses (VOSB) so contractor eligibility can be verified on VA SDVOSB and VOSB contracts. In addition, The Office of Federal Procurement Policy (OFPP), within the Office of Management and Budget, provides overall direction for governmentwide procurement policies, regulations, and procedures and to promote economy, efficiency, and effectiveness in the acquisition processes. The Office's primary focus is on the Federal Acquisition Regulation (FAR), …
Date: November 19, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Oral History Interview with Joseph Williams, October 19, 2009 (open access)

Oral History Interview with Joseph Williams, October 19, 2009

The National Museum of the Pacific War presents an oral interview with Joseph F. Williams. Williams was born 7 December 1921 in New Orleans. After being drafted into the US Army on 23 February 1943 he took basic training at Fort McClellan, Alabama for three months. Williams was then sent to Fort Dix, New Jersey where he was assigned to a headquarters company in the Quartermaster Corps. There he received driver training for various vehicles. On 18 January 1944 he sailed to Belfast, Ireland. In July 1944 he landed at Cherbourg, France with the 4029th Quartermaster Truck Company, a segregated unit. There his unit joined the 3rd Army and transported infantry to participate in the battle for Saint Lo, France. He saw General Patton on a weekly basis and recalls witnessing an incident where he demoted a colonel to sergeant because he had stopped a column of trucks hauling gasoline to his tankers. He was subjected to strafing and shelling by German aircraft and artillery on a regular basis. Williams remembers as Allied Forces advanced, German soldiers, some as young as twelve years of age, surrendered. He transported loads of prisoners back to secured areas. He describes being in a …
Date: October 19, 2009
Creator: Williams, Joseph F.
System: The Portal to Texas History
Oral History Interview with Arthur deLarios, September 19, 2009 (open access)

Oral History Interview with Arthur deLarios, September 19, 2009

The National Museum of the Pacific War presents an oral interview with Arthur deLarios. DeLarios was born in Oklahoma City on 24 October 1919. He joined the Navy 7 September 1940 and upon finishing boot camp, was accepted in the Hospital Corps training school. When he completed the course he was assigned to the San Diego Naval Hospital for additional training. This was followed by assignment to VMF-111 in the 1st Marine Air Wing, which was sent to Pago Pago, Samoa Islands. Soon after his arrival, deLarios was ordered to the Naval Hospital at St. Albans, New York. Shortly after reporting to the hospital in 1942, he applied for the Submarine Service. Upon his acceptance, he was sent to submarine school in New London, Connecticut for six months training. After graduating from the school he was assigned to the USS Hammerhead (SS-364) as a pharmacist mate. In early 1944 the Hammerhead proceeded to Midway where they began the first of seventeen war patrols. Delarios recalls various activities he performed aboard the submarine including treating a fellow seaman who suffered acute appendicitis. He also describes Japanese depth charge attacks. Following his six years of naval service, deLarios attended medical school and …
Date: September 19, 2009
Creator: deLarios, Arthur
System: The Portal to Texas History
Oral History Interview with Charles Petty, September 19, 2009 (open access)

Oral History Interview with Charles Petty, September 19, 2009

The National Museum of the Pacific War presents an interview with Charles Petty. Petty joined the Navy in January of 1944. He was sent to Kansas University for electrician???s school. Beginning December of 1944, he served aboard the USS LST-913. They traveled to Pearl Harbor, Hawaii, Guam, Saipan, the Philippines and Okinawa. They transported a replacement LCT, and other military supplies. During the Battle of Okinawa they landed Marine troops and their equipment on the island. He describes this event, including some of their casualties during landing and the protective fire of the battleships in their flotilla. Petty served as the head electrician aboard the LST, working in the engine room with generators to operate the gun sights and all electrical equipment. In August of 1945, during V-J Day, they were in Japan and Petty provides some of his experiences there, and what the area looked like after the atomic bomb. He was transferred over to USS LST-990 and they traveled to Terminal Island, California. Morris provides some detail of an LST and their armament, as well as the flotilla his crew was a part of. He was discharged in late 1945.
Date: September 19, 2009
Creator: Petty, Charles
System: The Portal to Texas History
Oral History Interview with Louie Sullivan, September 19, 2009 (open access)

Oral History Interview with Louie Sullivan, September 19, 2009

The National Museum of the Pacific War presents an interview with Louie Sullivan. Sullivan was married with a son on the way when Pearl Harbor was attacked. He was placed on the draft, with a 3-A exemption. He completed mechanics school at Kelly Air Force Base, San Antonio, Texas. He was sent to Love Field in Dallas to work as a machinist. He joined the Navy in 1942 and completed basic engineer school and provides some details of basic training and learning how to swim for the Navy. In 1944 Sullivan traveled to Hawaii and provides details of his trip over. Aboard the same ship, they traveled to Ulithi and Eniwetok, where he was assigned to the USS Franks (DD-554) and served as Fireman First Class. In 1945 they traveled to Wake Island and Japan. He describes some of his liberty travels in Tokyo. He was discharged in early 1946.
Date: September 19, 2009
Creator: Sullivan, Louie
System: The Portal to Texas History
Oral History Interview with Thomas Schoolcraft, September 19, 2009 (open access)

Oral History Interview with Thomas Schoolcraft, September 19, 2009

The National Museum of the Pacific War presents an interview with Thomas Schoolcraft. Schoolcraft joined the Army Air Forces in 1942. He completed technical aircraft maintenance school and became an aircraft mechanic, working on B-29s. Schoolcraft became a hangar chief and an inspector. When he received the rank of staff sergeant in early 1944 he was promoted to flight engineer aboard a B-29. He completed training at the Boeing factory in Seattle and attended flight engineer school at Lowry Field in Denver, learning also about fuel control. He details the job function of a flight engineer. Schoolcraft provides great detail of the bomber and of a number of his missions. He flew 27 missions over Japan as a B-29 flight engineer in the 504th Bomb Group. He was awarded the Distinguished Flying Cross and the Air Medal with 3 oak leaf clusters.
Date: September 19, 2009
Creator: Schoolcraft, Thomas
System: The Portal to Texas History
Oral History Interview with James Myer, August 19, 2009 (open access)

Oral History Interview with James Myer, August 19, 2009

The National Museum of the Pacific War presents an interview with James Myer. Myer joined the Army Air Forces in December of 1942. He served as a flight engineer and waist gunner on a B-24 bomber in the 8th Air Force, 2nd Air Division, 489th Bomb Group, 846th Bomb Squadron. While in the European theater, Myer was stationed at Halton Field in Halesworth, England. On 31 July 1944, during his 31st and final mission, he was shot down and captured by the Germans. Myer was taken to Stalag Luft IV in Poland. From 6 February to 26 April 1945 he participated in a forced march for an estimated 550 miles back to Germany as the Russians advanced from the east, known today as the Black Forest Death March. He provides details of the POW camp and forced march. He was discharged in September of 1945.
Date: August 19, 2009
Creator: Myer, James
System: The Portal to Texas History
Firearms Trafficking: U.S. Efforts to Combat Arms Trafficking to Mexico Face Planning and Coordination Challenges (open access)

Firearms Trafficking: U.S. Efforts to Combat Arms Trafficking to Mexico Face Planning and Coordination Challenges

Testimony issued by the Government Accountability Office with an abstract that begins "This testimony discusses U.S. efforts to combat illicit arms trafficking to Mexico, is based on a GAO report, GAO-09-709, that we are releasing today. In recent years, violence along the U.S.-Mexico border has escalated dramatically as the administration of President Felipe Calderon has sought to combat the growing power of Mexican drug trafficking organizations (DTO) and curb their ability to operate with impunity in certain areas of Mexico. As illicitly trafficked firearms have fueled the drug trafficking violence, Mexican officials have come to regard illicit firearms as the number one crime problem affecting the country's security. According to the Department of Justice's (DOJ) 2009 National Drug Threat Assessment, Mexican DTOs represent the greatest organized crime threat to the United States, controlling drug distribution in many U.S. cities, and gaining strength in markets they do not yet control. In particular, law enforcement reporting indicates Mexican DTOs maintain drug distribution networks or supply drugs to distributors in at least 230 U.S. cities. (3) challenges faced by U.S. agencies collaborating with Mexican authorities to combat the problem of illicit arms; and (4) the U.S. government's strategy for addressing the issue."
Date: June 19, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Oral History Interview with Charles E. Daugherty, June 19, 2009 (open access)

Oral History Interview with Charles E. Daugherty, June 19, 2009

The National Museum of the Pacific War presents an oral interview with Charles E Daugherty. Daugherty joined the Navy in 1939. He received basic training at Great Lakes and was aboard the USS California (BB-44) during the attack on Pearl Harbor. He remained at his battle station as a phone talker, nearly suffocating as the ship’s ventilation system malfunctioned. When the order was given to abandon ship, Daugherty was carried up two flights of stairs. Then a ferry came by and Daugherty stepped aboard, hiding in a sand pile for the remainder of the attack. The next day, he returned to the ship and found 12 casualties at his battle station. Daugherty spent the remainder of the war aboard YO-170, refueling ships in the Pacific Northwest. He recalls a celebration in downtown Seattle on V-J Day. After discharge, he worked for 30 years cleaning ships, aircraft, and motor transports at various docks.
Date: June 19, 2009
Creator: Daugherty, Charles
System: The Portal to Texas History
Commonwealth of the Northern Mariana Islands: Coordinated Federal Decisions and Additional Data Are Needed to Manage Potential Economic Impact of Applying U.S. Immigration Law (open access)

Commonwealth of the Northern Mariana Islands: Coordinated Federal Decisions and Additional Data Are Needed to Manage Potential Economic Impact of Applying U.S. Immigration Law

Testimony issued by the Government Accountability Office with an abstract that begins "This testimony discusses our work on factors that will affect the potential economic impact of implementing the legislation applying U.S. immigration law to the Commonwealth of the Northern Mariana Islands (CNMI). Although subject to most U.S. laws, the CNMI has administered its own immigration system since 1978, under the terms of its 1976 Covenant with the United States. The CNMI has applied this flexibility to admit substantial numbers of foreign workers through a permit program for non-U.S. citizens (noncitizens) entering the CNMI. In 2005, these workers represented a majority of the CNMI labor force and outnumbered U.S. citizens in most industries, including garment manufacturing and tourism, which have been central to the CNMI's economy. The CNMI also has admitted tourists under its own entry permit and entry permit waiver programs and has provided various types of admission to foreign investors. As we have reported previously, the CNMI faces serious economic challenges, including the decline of garment manufacturing and fluctuations in tourism. The recent immigration legislation amends the U.S.-CNMI Covenant to establish federal control of CNMI immigration and includes several provisions affecting foreign workers and investors in the CNMI …
Date: May 19, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
[Historic Marker Application: New Cavalry Barracks] (open access)

[Historic Marker Application: New Cavalry Barracks]

Application materials submitted to the Texas Historical Commission requesting a historic marker for the New Cavalry Barracks, in Fort Clark Springs, Texas. The materials include the inscription text of the marker, original application, narrative, maps, and photographs.
Date: May 19, 2009
Creator: Texas Historical Commission
System: The Portal to Texas History
Information Security: Agencies Make Progress in Implementation of Requirements, but Significant Weaknesses Persist (open access)

Information Security: Agencies Make Progress in Implementation of Requirements, but Significant Weaknesses Persist

Testimony issued by the Government Accountability Office with an abstract that begins "Without proper safeguards, federal agencies' computer systems are vulnerable to intrusions by individuals and groups who have malicious intentions and can obtain sensitive information, commit fraud, disrupt operations, or launch attacks against other computer systems and networks. Concerned by reports of significant weaknesses in federal systems, Congress passed the Federal Information Security Management Act (FISMA), which permanently authorized and strengthened information security program, evaluation, and annual reporting requirements for federal agencies. GAO was asked to testify on its draft report on (1) the adequacy and effectiveness of federal agencies' information security policies and practices and (2) their implementation of FISMA requirements. To prepare for this testimony, GAO summarized its draft report where it analyzed agency, inspectors general, Office of Management and Budget (OMB), congressional, and GAO reports on information security."
Date: May 19, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
New bus stops, shelters glowing green (open access)

New bus stops, shelters glowing green

News release about DART's solar-powered bus stops and bus shelters.
Date: May 19, 2009
Creator: Lyons, Morgan & Ball, Mark
System: The Portal to Texas History
Seclusions and Restraints: Selected Cases of Death and Abuse at Public and Private Schools and Treatment Centers (open access)

Seclusions and Restraints: Selected Cases of Death and Abuse at Public and Private Schools and Treatment Centers

Testimony issued by the Government Accountability Office with an abstract that begins "GAO recently testified before the Committee regarding allegations of death and abuse at residential programs for troubled teens. Recent reports indicate that vulnerable children are being abused in other settings. For example, one report on the use of restraints and seclusions in schools documented cases where students were pinned to the floor for hours at a time, handcuffed, locked in closets, and subjected to other acts of violence. In some of these cases, this type of abuse resulted in death. Given these reports, the Committee asked GAO to (1) provide an overview of seclusions and restraint laws applicable to children in public and private schools, (2) verify whether allegations of student death and abuse from the use of these methods are widespread, and (3) examine the facts and circumstances surrounding cases where a student died or suffered abuse as a result of being secluded or restrained. GAO reviewed federal and state laws and abuse allegations from advocacy groups, parents, and the media from the past two decades. GAO did not evaluate whether using restraints and seclusions can be beneficial. GAO examined documents related to closed cases, including police …
Date: May 19, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
American Recovery and Reinvestment Act: GAO's Role in Helping to Ensure Accountability and Transparency for Science Funding (open access)

American Recovery and Reinvestment Act: GAO's Role in Helping to Ensure Accountability and Transparency for Science Funding

Testimony issued by the Government Accountability Office with an abstract that begins "This testimony discusses GAO's role to help ensure accountability and transparency for science funding in the American Recovery and Reinvestment Act of 2009 (Recovery Act). The purposes of the Recovery Act funds include preserving and creating jobs and promoting economic recovery; assisting those most impacted by the recession; investing in transportation, environmental protection, and other infrastructure to provide long-term economic benefits; and stabilizing state and local government budgets. The Recovery Act, estimated to cost $787 billion, includes more than $21 billion in spending at the Departments of Energy and Commerce, the National Science Foundation (NSF), and the National Aeronautics and Space Administration (NASA) for research and development (R&D) related activities that support fundamental research, demonstrate and deploy advanced energy technologies, purchase scientific instrumentation and equipment, and construct or modernize research facilities. This statement discusses (1) GAO's responsibilities under the Recovery Act related to science funding; (2) particular R&D funding areas that deserve special attention to ensure that funds are best used; and (3) GAO's plans for carrying out its responsibilities under the act."
Date: March 19, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Department of Veterans Affairs Contracting with Veteran Owned-Small Businesses (open access)

Department of Veterans Affairs Contracting with Veteran Owned-Small Businesses

Correspondence issued by the Government Accountability Office with an abstract that begins "The federal government's long-standing policy has been to use its buying power--the billions of dollars it spends through contracting each year--to maximize procurement opportunities for small businesses, including those owned by service-disabled veterans. Under the Veterans Benefits, Health Care, and Information Technology Act of 2006, the Department of Veterans Affairs (VA) is to give first and second priority to small businesses owned by service-disabled and other veterans, respectively, when it uses small business preferences to award its contracts, which totaled more than $14 billion in fiscal year 2008. The act also requires VA to establish contracting goals for service disabled veteran-owned small businesses (SDVOSB) and other veteran-owned small businesses (VOSB) and gives VA unique authorities to use contracting preferences for SDVOSBs and VOSBs to help it reach those goals. The act requires us to conduct a 3-year study on VA's efforts to meet its SDVOSB and VOSB contracting goals and to brief Congress annually, by January 31, 2008, 2009, and 2010. Accordingly, we briefed Congressional staffs on January 31, 2008, on steps that VA had taken to implement its new contracting authorities and verify the ownership of firms …
Date: March 19, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Financial Regulation: Review of Regulators' Oversight of Risk Management Systems at a Limited Number of Large, Complex Financial Institutions (open access)

Financial Regulation: Review of Regulators' Oversight of Risk Management Systems at a Limited Number of Large, Complex Financial Institutions

Testimony issued by the Government Accountability Office with an abstract that begins "Financial regulators have an important role in assessing risk management systems at financial institutions. Analyses have identified inadequate risk management at large, complex financial institutions as one of the causes of the current financial crisis. The failure of the institutions to appropriately identify, measure, and manage their risks has raised questions not only about corporate governance but also about the adequacy of regulatory oversight of risk management systems. GAO's objectives were to review (1) how regulators oversee risk management at these institutions, (2) the extent to which regulators identified shortcomings in risk management at certain institutions prior to the summer of 2007, and (3) how some aspects of the regulatory system may have contributed to or hindered the oversight of risk management. GAO built upon its existing body of work, evaluated the examination guidance used by examiners at U.S. banking and securities regulators, and reviewed examination reports and work papers from 2006-2008 for a selected sample of large institutions, and horizontal exams that included additional institutions. In January 2009, GAO designated the need to modernize the financial regulatory system as a high risk area needing congressional attention. Regulatory …
Date: March 19, 2009
Creator: United States. Government Accountability Office.
System: The UNT Digital Library
Oral History Interview with Leonard Lott, March 19, 2009 (open access)

Oral History Interview with Leonard Lott, March 19, 2009

The National Museum of the Pacific War presents an oral interview with Leonard Lott. Initially exempted from the draft as a farmer, Lott was eventually drafted into the Army in October 1944. After basic training at Camp Fannin, he was assigned to the 6th Infantry Division in Manila. During the invasion at Lingayen Gulf, his unit suffered battle casualties and was plagued by dysentery. Armed with a rifle, Lott waited in foxholes for enemy advancement, at times manning a Thompson submachine gun and targeting snipers. Occasionally working alongside Filipino soldiers, Lott found them to be good fighters. While fighting in the mountains, Lott’s rations were airdropped and intercepted by the enemy. He soon contracted malaria and dengue fever, spending the remainder of the war in a hospital. He then served as a platoon sergeant in the Korean occupation, where his clothing and housing was inadequate for the cold weather. Lot was discharged into the reserves and retired as a warrant officer after 27 years of service.
Date: March 19, 2009
Creator: Lott, Leonard
System: The Portal to Texas History