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Regulators Accused Of Lavish Tax Money Spending
GAO reports three bank regulatory bodies the Federal Reserve Board the office of the comptroller of the currency and the FDIC spend lavishly on office space travel and furniture. Sen. Proxmire says the agencies cost about 137 million annually and contrast with peer agencies. He cites per employee costs and junketing as evidence of waste outside the regular budget process.
MENTIONED IN THIS ARTICLE
Washington
General Accounting Office
William Proxmire
D-Wis
Proxmire
Senate Banking Committee
Federal Reserve Board
Office of the Comptroller of the Currency
Federal Deposit Insurance Corp
GAO
Comp
Troller
Comptroller of the Currency
SEC
FDIC
Congress