No one complained about the white people when everything was OK, when they enjoyed tremendous real estate appreciation. The prices on properties in London and the rest of Europe increased more than in the US. I bet they are taking credit for the upturn, but place the blame for the downturn.
Hehe, well, you can't blame him.
After all, GW Bush was a prototypical rich white guy, and Cheney was a prototypical elderly white guy.
If the Brazilian President were to log on to this AIG board and read the comments of certain ultra-conservative white folks, his opinion would be further strengthened as well. Hehe.
Of course, he's generalizing as to all white people, but it's understandable given the behavior of the leading whites.