Securities based on risky mortgages are what toppled financial institutions but it was the government that made the mortgages risky in the first place, by making home-ownership statistics the holy grail, for which everything else was to be sacrificed, including commonsense standards for making home loans.
Thomas SowellThe political mirage of something for nothing, from leaders who 'care,' has ruined many a nation.
Thomas SowellNobody is equal to anybody. Even the same man is not equal to himself on different days.
Thomas SowellGroups that rose from poverty to prosperity seldom did so by having their own racial or ethnic leaders to follow.
Thomas Sowell