The government serves the people and the majority of people in this country own homes or want to buy homes. They do not want to see a housing meltdown. Right or wrong the government will intervene. Anyone who didnt see this coming is a bit naive.
How is rewarding risky irresponsible behavior serving the people? You say the government wants to act in the interest of people who wants to buy homes, how is intervening and not letting markets correct themselves serving those who cannot afford to buy without stretching themselves and getting into risky propositions?
