ConocoPhillips' Push for Global Warming Regulations Could Lead to the Next Government Takeover by Tom Borelli Bad decisions by CEOs are at the core of our economic crisis. Throwing caution to the wind, chief executives in the financial industry took enormous risks by placing huge bets on financial instruments based on mortgages. Abandoning common sense and basic economic principles, CEOs failed to execute proper risk management by contemplating the consequences of a downturn in the housing market. The harm caused by incompetent CEOs extends well beyond shareholders – it also threatens the conservative principles of limited government and free...