- Obama not worried about Ebola at upcoming African summit in D.C.
- Obama: ‘We tortured some folks’ after 9/11
- Obama administration asked whole D.C. Circuit to take on major Obamacare case
- Mark Levin: Topple GOP leadership or country will ‘unravel’
- Massachusetts to let police chief deny gun buys to those deemed unfit
- John Kerry condemns attack on Israeli soldiers, kidnapping
- U.S. starts to evacuate American Ebola patients from West Africa: Report
- Geraldo slammed as ‘dummy’ for backing Clinton’s bin Laden claim
- Israeli spokesman: No need to debate who broke the cease-fire
- 35 Palestinians killed; Israeli officer missing
Unleash the investment risk watchdogs
Question of the Day
There’s plenty of blame to go around for the failure to anticipate the crash that has cost millions of Americans much of their savings. Government pressure on mortgage companies to lend to risky borrowers helped trigger the initial collapse. Incompetent and frankly corrupt congressional oversight made it worse.
But the government has also fostered a cozy rating system with poor incentives. Competition and reform would help rouse from their stupor rating services that should function as watchdogs for investors, not lapdogs of the sellers.
Stuart Butler is vice president for domestic policy issues for the Heritage Foundation (heritage.org).
By Orrin G. Hatch
Procedural changes impede the chamber's traditional deliberative function
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