Last time I checked more than minorities were getting loans from Fannie Mae and Freddie Mac. The major states hit by this crisis are CA, FL and NV and the homes involved were not owned by minorities. Yes, minorities were foreclosed on but if this were simply an issue of poor minorities defaulting on bad loans believe me the economy would not be in fore front of the election. The issues of poor minorities is rarely ever the center piece of election issues unless it is crime. This is a "Joe Sixpack" issue. Joe took out a mortgage on a home he could not afford. He has six credit cards on the verge of being maxed out.Fannie Mae and Freddie Mac are the cause of the banking crisis through the government initiated AFFIRMATIVE ACTION BANKING LOANS.
I know Blacks who benefitted from the relaxed lending laws, they are still in their homes because they didn't get ARMs or homes they could not afford.
And by the way, white woman, not minorities benefitted most from Affirmative Action. Do a little research.