One third of the $15 trillion of mortgages in existence in 2008 are owned, or securitized by Fannie Mae, Freddie Mac, Ginnie Mae, the Federal Housing and the Veterans Administration. Wall Street buyers of repackaged loans didn't mind buying risky paper because they assumed that they would be guaranteed by the federal government: read bailout from the taxpayers. Today's housing mess can be laid directly at the feet of Congress and the White House.
Walter E. WilliamsAn increasing amount of climate research suggests a possibility of global cooling.
Walter E. WilliamsTyrants always condemn and seek to replace the market process with government coercion because tyrants do not trust that people behaving voluntarily will do what the tyrants think they should do.
Walter E. WilliamsFor the multiculturist/diversity crowd, culture, ideas, customs, arts and skills are a matter of racial membership where one has no more control over his culture than his race. That's a racist idea, but it's politically correct racism. It says that one's convictions, character and values are not determined by personal judgment and choices but genetically determined. In other words, as yesteryear's racists held: race determines identity.
Walter E. Williams