Uncontrolled access to data, with no audit trail of activity and no oversight would be going too far. This applies to both commercial and government use of data about people.
Bitcoin is successful only because of its potential for circumvention, lack of oversight.
We are very much engaged across the government, very much engaged in streamlining and simplifying our activities with borrowers and lenders, because that saves time and saves costs and we believe we can do that while maintaining the same or increased levels of oversight and risk management.
It's a new day at the Department of Interior, and we need to examine what makes the most sense for the American people. These are American resources and American treasures, and we need to make sure we're providing the right kind of protection, oversight and stewardship of these resources for the American people.
Early on, in discussions of financial oversight, people would say, 'Well, this is a very complicated problem, therefore it requires a complicated solution.' And at that step, I would say, 'Well, wait a minute. Just because it's a complicated problem doesn't mean the best course of action immediately is one that's complicated.'
Our system of government works best when there are checks and balances led by independent entities that are empowered to conduct fair and rigorous oversight. These are the same principles enshrined in the founding document of our country - our Constitution.
When governments become large, voters cannot exercise close oversight, otherwise known as political power.
We have institutionalized a drone program where the oversight is almost completely internalized.
At the NYPD, a judge doesn't need to sign off on opening up an investigation into a mosque as a terrorism organization. The oversight is internal.
Eventually the consumer will come to appreciate the editorial point of view of every different brand. User-generated content without editorial oversight will simply be background noise.
