No one pushed harder than Congressman Barney Frank to force banks and other financial institutions to reduce their mortgage lending standards, in order to meet government-set goals for more home ownership. Those lower mortgage lending standards are at the heart of the increased riskiness of the mortgage market and of the collapse of Wall Street securities based on those risky mortgages.
Thomas SowellThose who wrote the Constitution clearly understood that power is dangerous and needs to be limited by being separated - separated not only into the three branches of the national government but also separated as between the whole national government, on the one hand, and the states and the people on the other.
Thomas SowellContrary to the vision of the left, it was the free market which produced affordable housing - before government intervention made housing unaffordable.
Thomas SowellAs a rule of thumb. Congressional legislation that is bipartisan is usually twice as bad as legislation that is partisan.
Thomas SowellWhatever we wish to achieve in the future, it must begin by knowing where we are in the present - not where we wish we were, or where we wish others to think we are, but where we are in fact.
Thomas Sowell