Duncan Hunter

Our nation must manage significant national security challenges over the next several years. We are already facing a potential conflict with Iraq, new challenges on the Korean peninsula, and key decisions in the president's plans to transform the military.

It is no wonder that bank capital is regulated. When borrowing and lending is profitable, it is tempting for banks to scale up their operations and to borrow and lend too much in relation to their capital, in effect reducing the effectiveness of the potential capital cushion.