Zev I see what you're getting at, but what is your point? Who has to be responsible here, the finance companies for trying to make a living or the people who are too foolish to manage their money and live outside their means? What ever happened to good old fashioned personal responsibility? The problem is that a lot of younger people have no idea of the concept of being accountable for their actions, and IMO the root cause of that problem is their upbringing, not loan sharks...
*edit* and busy-body governments getting involved in supposedly free markets and forcing/encouraging banks to offer mortgages to people who they usually wouldn't (because of their inability to service the debt) only make things worse. Far far worse...