Blaming the victims of the crisis

Recently I was arguing the same point this article makes with some petty bourgeois acquaintances, one a hopeless reactionary, the other a closet libertarian. They were making Wall Street's case that the entire financial crises is due to the government forcing innocent institutions like Countrywide to lend to brown (read Latino) and black people. I said "even if they did, and loans were made to every single black and brown person in the country, that still only accounts for roughly 20% of the loans. How do you account for the other 80%?" They were unable to answer it, and just reiterated the right wing 'talking points.'