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 SowellWhenever someone refers to me as someone "who happens to be black," I wonder if they realize that both my parents are black. If I had turned out to be Scandinavian or Chinese, people would have wondered what was going on.
Thomas SowellWhat does calling this medical care legislation "historic" mean? It means that previous administrations gave up the idea when it became clear that the voting public did not want government control of medical care. What is "historic" is that this will be the first administration to show that it doesn't care one bit what the public wants or doesn't want.
Thomas SowellWe need laws written by people who have confronted life in the real world, not in the sheltered world of trust fund recipients of the insulated cocoon of academia.
Thomas Sowell