When you strip down all the dressing, it is pretty easy to see how Fannie Mae and Freddie Mac got into their problem, and who really is to blame.
Look, I think home ownership is a great thing (I like owning my home), but admittedly my wife and I have come very close to getting in over our head and floundered for a while. That is our fault and we pay the consequences of it. But unfortuneately, there are people who don't take personal responsibility for their actions. But when government makes it easy to escape the consequences, whether you are a person or a corporation, it is very had to expect anything to change.