Washington, D.C., April 16, 2010 - The Securities and Exchange Commission today charged Goldman, Sachs & Co. and one of its vice presidents for defrauding investors by misstating and omitting key facts about a financial product tied to subprime mortgages as the U.S. housing market was beginning to falter.

It troubles me greatly to know that while the 30 year Treasury bond is yielding a mere 4.6%, we are not locking in that low rate for our newly issued debt. Any thinking American knows it would be best to take advantage of that ridiculously low yield and finance the Treasury's borrowing at the long end of the curve.

When I picked up the Wall Street Journal today and began to read Blame Television for the Bubble on the Opinion Page, I thought the editorial was going to be a parody on television and its contribution to creating the housing bubble. To my surprise, I was wrong.

Why is it so hard for the United States to proactively deal with looming problems?