Another problem in our country

http://news.yahoo.com/s/ap/20071206/ap_on_bi_ge/mortgage_crisis

Certainly not in the same category as the Omaha shootings, but wow I can't believe this is going on. Our economy is in more serious trouble than I think most people realize. People were encouraged over the last several years to buy houses as part of Bush's "ownership society", by offering them things like low-rate ARMs and mortgage "deals" - basically deferring the problems of not actually being able to afford these houses until later. And now the government has to fix the problem. I'm all for markets being free and open and letting supply and demand determine the market, but there's so much government "interference" now to keep trying to stimulate the economy, it just gets out of control.

OK I'll step down from the soapbox now :)