Ever since the federal government took control of Fannie Mae and Freddie Mac, Congress has put several plans on the table to "fix" them -- with the exception of one: Let them operate the way they always have, only this time, regulate them properly and ensure they have sufficient capital reserves.
This is largely what Congress did to "fix" the nation's biggest banks that had much more to do with the subprime mortgage crisis than the government-sponsored enterprises, also known as GSEs.
The only difference between now and then is that now the private sector is doing nothing to help low-to-middle income people with good credit become homeowners, and the federal government has actually done things to harm this sector of the housing marketplace.
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Unbelievably, Congress wants to give these banks a government guarantee on the loans they make -- essentially subsidizing their operations - while the nation's attorney generals and the U.S. Department of Justice bring and settle lawsuits for actions that occurred both before and after the housing debacle.