Answer:
oversight.
Explanation:
Oversight can be defined as an unintentional failure to notice a mistake or error, or an unintentional failure to act upon an event caused by an error.
Both the FED and the SEC should have noticed that the financial system was in a really bad shape way before Bear Stearns and Lehman Brothers collapsed, or AIG (and others) needed a huge bailout. Apparently both the FED and SEC were all too optimistic about the market and their optimism blinded them. As always the consequences of negligent public servants were paid mostly by the average taxpayer.
The correct answer is discretionary income.
Discretionary income, in its most basic definition, is the money left over after covering essential expenses including taxes, daily living costs, and household bills.
<h3>What distinguishes disposable income from discretionary income?</h3>
After all federal, state, and local taxes have been paid, your remaining funds are known as disposable income. Contrarily, discretionary income is the money you still have after paying all of your basic living expenses and taxes.
<h3>What is covered by discretionary income?</h3>
The money you have left over from your post-tax salary after paying for necessities like rent, utilities, and food is known as discretionary income. It is what you use to make non-essential purchases during the month (often referred to as discretionary expenses).
To know more about Discretionary income, visit: brainly.com/question/26766185
#SPJ4
