Look, if “market economics” on its own created the mess, I would maybe agree with you, but this mess was not going to happen - the size and scale of the problem - except for the institutional size and clout of the government elephants interfering in the market - Freddie and Fannie; and with their government bosses asking them to and letting them run wild. GOVERNMENT created the crisis, so of course government should try to correct it.
No matter the reason for it, such rush to basically nationalize a part of the financial system is just a really bad idea. Cure here might be more deadly then disease itself. This crises might just resolve itself in the next few years, this “solution” will have effect 50 years from now and not a good effect either.
“GOVERNMENT created the crisis, so of course government should try to correct it.”
I’m not entirely sure how you can solve a problem by doing more of the same thing that caused the problem in the first place.