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 SowellI suspect that even most conservatives would prefer to live in the kind of world conjured up in the liberals' imagination rather than in the kind of world we are in fact stuck with.
Thomas SowellFor the anointed, traditions are likely to be seen as the dead hand of the past, relics of a less enlightened age, and not as the distilled experience of millions who faced similar human vicissitudes before.
Thomas SowellOne of the most fashionable notions of our times is that social problems like poverty and oppression breed wars. Most wars, however, are started by well-fed people with the time on their hands to dream up half-baked ideologies or grandiose ambitions, and to nurse real or imagined grievances.
Thomas Sowell