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Capping executive pay? How about enforcing what we've already got

WICHITA — The House just adopted a new measure to put a lid on huge corporate pay packages. That may play well to most people and in Congress, but is ultimately besides the point. Regulators already had the power to curb the practices that led to the housing and financial crises. It was simply a matter of how vigorously those regulators enforced the rules, which is really a matter of the political climate and who runs the White House. In other words, while the Dems are in, there will be heavy regulation. When the Republicans get back in — and they will — that regulation will likely ease off.

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