Scott Colyer, chief executive officer of Advisors Asset Management, says the Congressional Oversight Panel's report states the obvious and offers little new information.

FORBES: Intelligent Investing Panel

Kramer fears that the Congressional Oversight Panel's foreboding message may prove true and it will just take awhile for us to see its effect.

FORBES: Intelligent Investing Panel

The Congressional Oversight Panel, the Financial Crisis Inquiry Commission (FCIC), and the Senate Permanent Subcommittee on Investigations held no public hearings with auditors.

FORBES: Why No Warnings? Investors Press Audit Regulator

Instead, Damon Silvers, Director of Policy and Special Counsel of the AFL-CIO and the Deputy Chair of the Congressional Oversight Panel for the Troubled Asset Relief Program (TARP), started some fireworks last Thursday.

FORBES: Why No Warnings? Investors Press Audit Regulator

The Congressional Oversight Panel essentially said so.

FORBES: Forget Everyone Else: Why Aren't Auditors Answering For Financial Crisis?

Now Wednesday morning the Congressional Oversight Panel reported that the TARP bank bailout program that helped large banks so substantially may have actually harmed smaller banks, which are now struggling to try to pay back the taxpayer-provided loans.

FORBES: Earnings Incite Optimism But Other Data Look Dimmer

Also on June 9th, the Congressional Oversight Panel published a report that questioned the stress tests' reliance on banks' own data and their failure to capture the full risks in asset classes, particularly commercial property, that are only now going bad.

ECONOMIST: Repaying TARP money

And there are few better vehicles for finger pointing than the House Oversight Committee, a panel with a congressional mandate to find the critters beneath the rocks.

FORBES: Magazine Article

Whatever the explanation, the Nation can simply no longer afford to have the disposition of strategic assets - including those that have a military or homeland security dimension - determined by a Treasury-dominated panel whose deliberations and decisions are made in secret without congressional oversight.

CENTERFORSECURITYPOLICY: Port of entry