Also on June 9th, the Congressional Oversight Panel published a report that questioned the stress tests' reliance on banks' own data and their failure to capture the full risks in asset classes, particularly commercial property, that are only now going bad.

ECONOMIST: Repaying TARP money

Simply put, the values that lead to failure are in no way the sole preserve of the upper middle classes, let alone white people.

FORBES: Rather Than Bash the Rich, We Should Emulate Them