Is it great? No! It's certainly not an outcome I would wish for anyone. I'm not a monster.

But there's two things here:

1. allowing people freedom to make their own choices.

2. the dangers of borrowing large sums of money

Adding those two together in a free(for some notion of free) market means there will be losers. In this case, the outcome sucks but it isn't like they lost their life in a car crash.

If you start guaranteeing outcomes... that way madness lies.