Conservatives blaming poor people for this financial crisis...

Private sector loans, not Fannie or Freddie, triggered crisis

It's kind of funny. I mean... I guess it couldn't be their corrupt governance or rampant deregulation. I'm not saying liberals, or Democrats, or whatever the hell you want to try and label them as, are innocent either. I think there is plenty of blame to go around in our current government, and I hope to see some people out of a job very soon.

But poor people? Really? It's the poor people's fault? Cause they don't have it bad enough, we should blame this financial meltdown on them too. It's not the people that made tons of money off of the subprime mess, it's the poor people. Right....

Neil Cavuto seems to have some thoughts on this:
""I don't remember a clarion call that said Fannie and Freddie are a disaster. Loaning to minorities and risky folks is a disaster," said Neil Cavuto of Fox News."

Really?

Seems there's a problem with blaming the CRA laws and poor people for the crisis:
"In a book on the sub-prime lending collapse published in June 2007, the late Federal Reserve Governor Ed Gramlich wrote that only one-third of all CRA loans had interest rates high enough to be considered sub-prime and that to the pleasant surprise of commercial banks there were low default rates. Banks that participated in CRA lending had found, he wrote, "that this new lending is good business.""