Talk about anomalies in language, particularly in English! Even in the past, I blogged about this. Why can't people just use another word when they mean "supervision"? Under the guise of 'oversight' so much damage has been done to this country... not all of it inadvertently! Yet again, Mr Bernanke claims "lax oversight caused crisis"! … Continue reading Oversight… the contradictions in its meaning just irk me!
My personal maxim has always been, if you've spent the money, pay for it... pay it all, before you're even billed (or reminded)! It doesn't matter whether I have a revolving credit line, or whether I'm using a charge card, or whether I borrowed 10 bucks from my mother with whom I lived for a … Continue reading In an impending credit card debacle, who will be blamed?
A while back, I remarked on the fine dividing line that differentiates the two contradictory meanings of the word "oversight" i.e. "watchful care" vs "unintentional omission resulting from failure to notice something". Be it the rating agencies, government regulators, Wall Street honchos, federal watchdogs, or even American citizens... the majority of these 'publics' have turned … Continue reading Overseers are high up on a pedestal. Must we keep paying for their “oversight”!
For the longest time I used the word 'oversight' only while referring to inadvertent errors, or omissions resulting from 'not looking at' something. It irks me intensely when 'oversight' is used to express something diametrically opposite to this i.e. to refer to 'supervision' or 'watchful care' (the dictionary meanings). e.g. Taking the ongoing Financial Meltdown … Continue reading Overuse (or misuse) of the word ‘oversight’…