Lack of Government Oversight Contributes to Crisis

Lack of Government Oversight Contributes to Crisis

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Lack of Government Oversight Contributes to Crisis

The role of government oversight in preventing crises is crucial, as it acts as a check on the actions of private individuals and organizations. When this oversight is lacking, it can lead to a variety of negative consequences, including economic downturns, public health emergencies, and social unrest.

One major example of this is the 2008 financial crisis, which was caused in part by a lack of government oversight of the mortgage industry. In the years leading up to the crisis, mortgage lenders and banks engaged in risky lending practices, such as issuing loans to borrowers with poor credit or providing loans with adjustable interest rates. These practices led to a bubble in the housing market, which ultimately burst, causing widespread economic devastation.

The government’s failure to properly regulate the mortgage industry was a significant contributing factor to the crisis. The Federal Reserve, the Office of the Comptroller of the Currency, and the Office of Thrift Supervision, all had the authority to regulate the mortgage industry, but they failed to take action to prevent the risky lending practices that ultimately led to the crisis.

Another example of lack of government oversight is the opioid epidemic. The U.S. Food and Drug Administration (FDA) failed to properly regulate the prescription of opioid painkillers, resulting in a widespread addiction crisis. Pharmaceutical companies aggressively marketed the drugs, and doctors prescribed them at alarmingly high rates, leading to widespread addiction and overdose deaths. The government’s lack of oversight allowed the crisis to spiral out of control.

In addition, a lack of government oversight can also lead to public health crises. For example, the Flint water crisis was caused by a lack of oversight on the part of state and local officials. The decision to switch the city’s water source from Lake Huron to the Flint River without properly treating the water led to lead contamination, causing severe health problems for residents.

In conclusion, government oversight is essential to preventing crises and protecting citizens. Without it, private individuals and organizations may engage in risky or harmful behaviors, leading to economic downturns, public health emergencies, and social unrest. It is the government’s responsibility to ensure that proper oversight is in place to prevent these types of crises from occurring.

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Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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