Of special note is how liberal activists pressured lenders to loosen their normal lending standards to give loans to minority people who might not normally qualify. My question is, who is surprised if someone not generally considered a good risk takes out a loan and then doesn't pay it back?
The author, Peter Schweizer, posted an excellent overview of the book on the Power Line blog. In his overview, Schweizer points out that, "The real culprits [of the housing bubble] are the social activists and their allies in Washington who pushed an activist agenda. They helped to propel us into the mortgage crisis we face today."
Definitely recommended reading.