[HEY4QDEMS]

"They had a higher appetite for risk, which led to the lax standards that are resulting in delinquencies. The regulators should have been more concerned about protecting consumers than about protecting financial institutions."

BS! They didn't want to deal with State and Federal Civil Rights groups and agencies crawling all over them and screaming "discrimination!".

They backed the banks into a corner and now want to place the blame on them.

Being a white American, I had to put 10% down and submit tax returns from the previous three years, letters from my prior landlords, the whole nine yards to get my first mortgage. Try to demand the same requirements from an illegal and or a minority and the lenders end up dealing with a world of shit from every race baiter that climbs out from under every rock.

[iopscusa]

Sarchasm, great word. Race-Baiting is part of the problem:
They didn't want to deal with State and Federal Civil Rights groups and agencies crawling all over them and screaming "discrimination!".
But the banks not only wanted to remain PC, but the Banks know that they can count on the Taxpayers to eventually bail them out of any consequences....business as usual.