Claire McCaskill

I think that is another area that we might have some abuse.

That is way too late.

I think OMB needs to really stay hooked up on this Web site because it is unrealistic that this board is going to be able to do what we have advertised that this Web site is supposed to do.

I would very much like input on how we can in that oversight committee begin to immediately look at contracts that are being entered into with this money.

Part of the problem is that hardly anybody knows what a Single Audit is.

I think a great photograph that should be on Recovery.gov would maybe be a photograph of the Chairman and Ranking Member of this Committee as it relates to the oversight capacity they have.

we cannot abandon some of the basics of the Single Audit, primarily the financial statement audit, because everybody depends on that for their bond ratings.

I just think this guidance does not match what we have advertised.

I think we could probably get both sides of the aisle to agree to something like this that we could quickly do.

I know if we try to change A-133, trust me, I know it will not get changed until 7 years from now.

Where do these crews come from? Are they competent to do the work? Has it been bid?

I think that the members of this body should rise up and defend people like Mr. Devaney.

Now, we just did something pretty bold.

I think another idea I would give you is that I discovered that the best thing I did when I was an auditor was I hired a journalist to begin writing the summaries for audits.

I think that might be something we want to look at.

I mean, we have the St. Louis Urban League in St. Louis that typically gets a million a year. They are getting $16 million.

Clearly, you guys got caught big time, but I realize there are many other banks that are crossing the line on a daily basis.

I think that is really important because sometimes it is the folks that you catch in a criminal investigation that are the most willing to give information concerning where they have placed their money.

If you could try to get that for the Subcommittee, we would appreciate it.

And he is evading us now?

Was there ever any consideration made of actually putting somebody in jail?

Are there middlemen in this business?

Are they, in your opinion, sufficiently regulated?

Well, I am trying to--there are lots of reasons people hide money, and one of the major reasons people hide money is because they got that money in a way they cannot explain to anyone.

The president's budget we'll take up in a couple months. This is a leftover from last year.