Thomas Sowell on the Subprime debacle

As promised, I'm posting a NewsMax link to an interview with Thomas Sowell from May.  He has a new book out about the housing crisis and the law of unintended consequences.

(I'm not big on NewsMax, per se, but this was a better link than the 2008 post on Sowell's column page here. You should look at that one, too).

Sowell explains the Subprime fiasco and the root of Congress' involvement better than I could. As someone who witnessed these things as they happened, I think he has a good handle on it.