So, this week, the shit hit the fan.

Apparently, it wasn't your fault that you borrowed more than you could afford.

It was Wall Street's.

You knew that, didn't you?

You didn't decide to take out a mortgage loan on a home you couldn't afford.

Wall Street convinced you to.

You didn't decide to sign that piece of paper, promising to pay $2,000 a month toward your loan, when you only made $1,500 a month, take home.

Wall Street did.

You are an imbecile.

Wall Street knew that.

They tricked you!

They put you under a spell. You were walking down the street one day. A man came up to you and said, "You are feeling very, very sleepy. You want to take out a zero-percent loan even though it will reset to 11% after the first six months, even though you don't have a steady job, even though you have a credit score around 500, even though you declared bankruptcy. Sleep, now, sleep ..."

When you woke up, you were in a new $500,000 home, you were penniless, the bank wanted its money back, and you had no choice but to throw up your hands and say, "I dunno!"

Or, at least, that's what the media says you did.

More: How Wall Street Stoked The Mortgage Meltdown - By Michael Hudson, The Wall Street Journal

Also: The sub-slime that ate Wall Street - Salon.com

And: Housing and Hedge Funds - New York Times editorial