The majority of Canadians are in this situation - you can be extremely unsympathetic towards them and tell them that their investment was unwise - that's perfec

The majority of Canadians are in this situation - you can be extremely unsympathetic towards them and tell them that their investment was unwise - that's perfectly fair... but do realize that the vast majority of Canadians will suddenly find themselves either worth a lot less than they thought they would be or underwater in debt and homeless. And also don't forget that whenever "everybody loses some money" the people at the top are in a great position to grab an even bigger slice of the pie. Whether or not you feel for the pain these people would go through, you're going to feel pain when it ripples out the rest of the economy.