The Committee believes that the federal safety net that was extended to money market mutual funds could be removed by marking their portfolios to market on a daily basis.

Medicaid's perverse incentives have led the states into a fiscal danger zone. In some states, the crisis has already arrived: Arizona provides a stark illustration of Medicaid's ruinous effects.

The answer to the question "Why do we regulate banks?" is that we do so because we want to, not because we must.