With 400+ million people on Facebook, it's just a matter of time that segments of your life will intersect. Your friends will interact with your co-workers; your clients will interact with your high school buddies; and, the people you barely talked to in college are all of a sudden BFF's with your family.
So, as 400+ million people will attest to, Facebook is now a potluck of friendships.
I have nearly 600 "friends" on Facebook, and to be honest, I interact frequently with about 10% of that group. I'm sure it's the same for you as well.
With the volume of people we are friending vs. the amount we actually interact with, issues that happen in real relationships can bubble over into online relationships, and ultimately, exposing some ugliness of people you know, you work with, are associated with, etc.