I have no sympathy for people/businesses who:

Bought more house than they could afford
Took that 'interest only' loan
Just *had* to go to the super expensive college
Loaned money to people they knew weren't good for it
Over-extended their credit lines
Bought up loans they knew were going to default
Made bad stock investments

The current situation in this country is a mixture of Clinton-era idealism and good old post-dot-com greed. The chickens have come home to roost and I have no sympathy for any of these people. They want to be protected from themselves and their poor judgment. This is the double edged sword of living in a free country, you're free to be an idiot and its no ones responsibility to stop you.