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 SowellIn politics, throwing the taxpayers' money at disasters is supposed to show your compassion. But robbing Peter to pay Paul is not compassion. It is politics.
Thomas SowellThe desire to order other people around and make them conform to one own's vision takes many forms.
Thomas SowellThe real culprits are those who created a system that makes it dangerous to work and safe to loaf.
Thomas Sowell