No, you have gone eyeball to eyeball with what you want to believe. Why did Congress people receive so much money from Fannie and Freddie. I do not know Paulson and am not in favor of any bailout. Let the market work. You that want to blame the private sector and never government do not understand that government is a parasite on the system and contributes nothing but headaches to America and Americans. Governments are the best flimflamers and fleecers ever known.
The reason Fannie and Freddie gave Congress a lot of money was because they liked being told to do what they were bing told to do. That is why they pay congressmen.
Sure the government bears some responsibility, a lot of responsibility. But some cats in the private sector got very very very very fat gorging on all the government guaranteed loot that wafted past their nostrils. They sure were not issuing loud protests that the Congress was taking down the US financial system.
My advice to you. Keep your money in CDs or treasuries. You do not want to be subjecting your naivte to the frauds and swindlers in the marketplace.