Media Matters has a nice piece about the conservative panic attack to convince everyone that the Blacks are to blame:
MYTH: The 1977 Community Reinvestment Act forced lenders into irresponsible lending
MYTH: Excessive lending to undocumented immigrants is responsible for the financial crisis
MYTH: Congressional Democrats, led by Barney Frank, opposed strengthening oversight over Fannie and Freddie
MYTH: Fannie Mae and Freddie Mac caused the "current financial mess"
MYTH: Sen. Barack Obama's campaign has significantly more ties to Fannie Mae and Freddie Mac than does John McCain's
MYTH: Democrats sought to divert funding in the Emergency Economic Stabilization Act to ACORN
MYTH: Former President Clinton has blamed Democrats for the financial crisis