Brown People Are Bad Risks
The short version of that chart is that the rich are defaulting at a way-higher rate than the lower classes. I'm sure some libertarian apologetic will come out about how it was only the "forced lending to bad credit risks that Jessie Jackson and Al Sharpton and their ilk forced the banks into with the CRA" that lead to the housing bubble, and that without the bubble, The Rich wouldn't default.
Apologetics... all that matters if if you can find a seemingly plausible series of steps from A to B. Of course, the Apologists never see the contradictions their contortions force them into.