Thomas Sowell Quotes:
Ocupation: Economist
Life: b. June 30, 1930
Birthday: June 30
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.
source: Thomas Sowell (2011). “Dismantling America and Other Controversial Essays (Large Print 16pt)”, p.44, ReadHowYouWant.com
topic: Home, Government, Holy Grail, Financial Institutions, Home Ownership
