More scary financial stories

Just a few more that were pretty interesting:

• Newsweek - Subprime Suspects
  The right blames the credit crisis on poor minority homeowners. This is not merely offensive, but entirely wrong. (H/t AUL)
• WSJ Housing Pain Gauge: Nearly 1 in 6 Owners 'Under Water'
  More Defaults and Foreclosures Are Likely as Borrowers With Greater Debt Than Value in Their Homes Are Put in a Tight Spot (H/t The Big Picture)
• This American Life - Another Frightening Show About the Economy