He did however indirectly tie the financial situation to the existence of people who really can’t afford a house and shouldn’t have been offered subprime mortgages. Many people would consider this heresy, because there is a common belief in rich countries like the United States and Canada that any poverty is merely a temporary thing that is someone’s fault and should be easily correctable. And if poverty doesn’t exist, then of course everyone can own a house, and anyone who says otherwise is just trying to keep other people down.

The beliefs of people like Joe Scarborough enabled this mess. And the poor people are worse off than before.