Exactly. There’s nothing the Right likes more than blaming black and brown people for the housing bubble, for being “greedy” and/or “stupid” in getting “mortgages they couldn’t afford.” The contributions of “greedy” investors to the unsustainable credit default swaps and the utter corruption of the mortgage ratings industry is always ignored, because that doesn’t fit the “blame the minorities and bleeding heart liberals who forced those poor, poor banks to make those loans” narrative.
Of course, I’m a middle-class white woman who got railroaded into a riskier mortgage than I would have qualified for, thanks to the rapacious appetite of the Giant Pool of Money for more, more, more, more returns. But that doesn’t fit the “greedy/stupid minorities and the libruls who catered to them” narrative either.
