Did They Cause the Credit Crisis?
The loud, angry chorus of blame began almost immediately. As big banks and brokerage houses crumbled, and the financial markets spiraled downward last fall, observers searched for someplace—anyplace—to cast culpability. Was it greedy lenders? Lax regulators? Money-hungry Wall Streeters? For some political conservatives, none of those familiar culprits would do. For them, one group played a central role in bringing the entire global financial system to its knees: minorities.
