Liberals in DC pressured the banks to issue subprimes (mostly minority loans).
Think about it...would the banks really have WANTED to issue loans to people who didn't have the money to pay them back? They were threatened by liberals with lawsuits, denial of mergers, etc. if they didn't issue junk loans.
Then when it all crashed the liberals turned around and blamed the banks...but instead of saying how wonderful it was to issue loans to minorities, now they called it "predatory lending" and thus the banks alone were blamed for issuing loans they didn't want to issue in the first place.
Thanks.