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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 Sowell

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Thomas Sowell
Age: 94
Born: 1930
Born: June 30
Economist
University Teacher
Gastonia
North Carolina
Grail
First
Security
Ownership
Mortgages
Made
Making
Statistics
Securities
Else
Financial
Place
Institutions
Loans
Home
Standards
Sacrificed
Government
Including
Risky
Toppled
Firsts
Based
Mortgage
Commonsense
Everything
Holy
Loan

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