An editorial in Investors Business Daily July 27 states:

Power Abuse: According to this administration, the nation's largest mortgage lender —Wells Fargo — and dozens of other banks are racist. Don't believe it: They're targets of a massive witch hunt.

Attorney General Eric Holder has also added SunTrust Bank, one of the country's largest home lenders, and Bank of America to his ever-growing list of bank bigots.

Some 60 other lenders are said to be under investigation for allegedly denying blacks and Latinos home loans solely due to the color of their skin; or for allegedly "steering" them into higher-cost subprime mortgages when they could have qualified for prime loans.

Read more here.