Obama and the High-Risk List

Looks like the President reads his GAO report, or at least has them condensed and summarized to him. As he said in remarks before an economic briefing this morning:

One last point that I want to make -- the recovery package that we're passing is only going to be one leg in a -- at least a three-legged stool. And some of the reports that we've seen over the last couple of days about companies that have received taxpayer assistance, then going out and renovating bathrooms or offices, or in other ways not managing those dollars appropriately, the lack of accountability and transparency in how we are managing some of these programs to stabilize the financial system, and a recent GAO report that speaks to some of the problems of waste in our government, those all have to be part and parcel of a reform package if we're going to be responsible in dealing with this economic crisis.