"blame the financially illiterate poor"... ah yes the poor helpless victims.... believing these people were innocent victims is exactly the sort of bollocks that has become socially acceptable to spout and that laid the foundations for this crisis.... what about taking responsibility for you own actions??! The people who borrowed beyond their means (driven by greed??) where not just the poor/illiterate.
I agree there were a lot of muppets involved in the MBS industry but people who borrowed too much are also at the heart of this problem.... saying they are victims rather than the majority who were just driven by greed and an "I want it now" culture is nonsense.