It's not about the victimology of the borrower. It's about the criminality of the lenders, which is on all sides of the deal. The bankers & mortgage processors have shafted the borrowers, and the taxpayers who guaranteed the loans, and the pension plans that bought the loans via MBS.
And the banks did this intentionally.
Stupid, venal and corrupt borrowers are and have always been a problem and banks were supposed to exercise their fiduciary responsibility on behalf of the shareholders and despositors to not lend to these types of borrowers. What's new now is the flagrant disregard of the banking and mortgage industry in giving out huge money to this type of borrower.
Stupid, venal and corrupt borrowers aren't a problem if the banks properly refuse to lend to them.
If you want to deny that the government under Carter and then Clinton forced banks to lend to folks they did not want to, then go ahead and join ACORN and the DNC and MSNBC and the Daily Kos and Huff Po and The Nation and all the others who agree with that sentiment.
They’ll always be a certain ilk that will forgive criminal behavior if committed by the “right” kind of people against the “wrong” kind of people.