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. WilliamsDiversity worship and multiculturalism are currency and cause for celebration at just about any college. If one is black, brown, yellow or white, the prevailing thought is that he should take pride and celebrate that fact even though, just as in the case of my eye color, he had nothing to do with it. The multiculturist and diversity crowd see race as an achievement. In my book, race might be an achievement, worthy of considerable celebration, only if a person was born white and through his effort and diligence became black.
Walter E. WilliamsWe will not make inroads into the gun-violence problem until we acknowledge the underlying causes of youth behavior today, compared to yesterday. ... we must come to the realization that laws and regulations alone cannot produce a civilized society. It's morality that is society's first line of defense against uncivilized behavior.
Walter E. WilliamsIn a free society, government has the responsibility of protecting us from others, but not from ourselves.
Walter E. WilliamsI have nothing against rich people. In fact, I've been struggling most of my life to join them.
Walter E. WilliamsMost of what Congress does fits the description of forcing one American to serve the purposes of another American. That description differs only in degree, but not in kind, from slavery.
Walter E. WilliamsThe message coming out of Washington, especially from our leftist politicians and the news media, is that we solve our budget problems by raising taxes on the rich. If Americans were more informed, such a message would be insulting to our intelligence. There are not enough rich people to satisfy Congress' appetite.
Walter E. Williams