Know the truth and the truth will make you mad, because the truth has no agenda.
"Yes I read the 9th [amendment]. It doesn't say **** about abortion." -Jamesrage
Congress has some sort of informal oversight over a lot of agencies where they make them come in for hearings and Congress issues statements and whatnot, but they report to the president and do not take orders from Congress.
But, most agencies do answer to the president, which is also a political position of course.
When they really want to enable an agency to aggressively go after corporate abuses, what they do is make it an entirely independent agency so that it isn't even answerable to the president either. Examples of agencies that are independent to allow them to go after corporations include the FTC, FCC, NLRB, NTSB and SEC. They also make independent agencies for other reasons. The FEC is independent because it couldn't really regulate elections if the incumbents had direct control over its actions. The SSA is independent because they wanted to isolate it completely from the general budget.
When an agency of this type has a director that is not held accountable to anyone but one person (the president) the potential for abuse is high.
When an agency has a board each of the members must agree to any policy that is enacted. This puts a check on abusive policies. (not saying it can't be done...just that it is harder...just like our Congress/Senate) Unlike when there is a director who can pass policies when ever he/she feels like it. Having a board also creates less of a chance that someone will be bribed. (not saying it can't be done...just that it is harder)
The other part of the accountability that was wanted (the part that you ignored) was that Congress funds it instead of the Federal Reserve. This makes them beholden to the People far more than say a President in his last term of office.
I have an answer for everything...you may not like the answer or it may not satisfy your curiosity..but it will still be an answer. ~ Kal'Stang
My mind and my heart are saying I'm in my twenties. My body is pointing at my mind and heart and laughing its ass off. ~ Kal'Stang
In other words, why should this agency be any different than, e.g. the department of agriculture, or energy, or transportation? Are any of those agencies headed up by a committee? Is decision making by committee now considered a virtue? It sure isn't in the private sector.