Bair is instead diplomatic and lukewarm in her critique of the planned process during questioning from Representative Maxine Waters (D-CA).

FORBES: Sheila Bair Called It - Foreclosure Lookback Reviews Are A "Ruse"

Lord Butler's central critique was that Mr Blair's government failed to understand the value of process in making judgments and reaching decisions, and that was why his government had failed to assess the threat from Iraq correctly.

ECONOMIST: Bagehot