1.  What is the main point of Thomas Sowell's commentary?

2.  What reasons does Mr. Sowell give to back up his assertion that "90% of the people on this planet would exchange their economic situation for ours in a minute?" (see para. 7-8)

3.  How does Mr. Sowell explain the current financial crisis? (see para. 9-11)

4.  Who gave warnings about Fannie Mae and Freddie Mac in 2002 and 2003?

5.  Who criticized these warnings and defended Fannie Mae and Freddie Mac?

6.  What does Mr. Sowell imply about politicians' reasons for defending Fannie Mae and Freddie Mac?