Nobody is scapegoating Iceland. Their bankers grossly over-leveraged themselves, and paid high interest rates as a smokescreen.

You might place some blame on the UK for getting suckered on promises of high interest without due diligence, but sorry you can't blame the US for this one. (Even skarpi said so on a different thread.)

As for the many things you can blame the US for, I haven't seen any legitimate sources blaming poor people.

Truth of the matter is, this really is a worldwide problem. The very rich banking and investing elite are worldwide, and naturally well represented in the US (which is nearly half the global economy.)

The failure to do due diligence, as a symptom of lazy greed, was an extreme US phenomenon, but it is also worldwide.

Worldwide shysters, wordwide lazy greed, and worldwide government negligence (at best.)