So, were these poor people given a government education? Were they capable of reading the terms of the contract they signed? Were they capable of asking about the terms of the mortgage they signed before they signed it? Did the Federal Reserve artificially lower interest rates creating a system where Wall Street needed to create new instruments for investors?
The answer to all these questions...Yes... Wall Street may be a drug dealer but they only supply a demand.
It amazes me that people think Wall Street is fucking them...you are being fucked by your government. No corporation can show up at your door and take your money via force, they have to convince you to voluntarily give up your money. I posted articles by economists on this board as early as 2004 about the housing bubble and I was ridiculed for being stupid and not taking advantage of the real estate bubble...Guess what, greedy people should get fucked.