Who will roast in hell over it?
I think that everyone who foolishly signed an agreement that they couldn't meet should lose their homes. Just about everyone who participated in the subprime disaster should carry some level of responsibility in this mess. Let them lose their houses. Let them lose their jobs. Let the companies go out of business. People acted stupid, and stupid actions should be painful. These are the consequences, and they rightfully earned them.
Of course, I do believe that the government owes a bailout to some of the banks out there. Those banks that were forced to provide loans under mandate by federal legislation for low income communities and affirmative action shouldn't be penalized for following the government's rules. Of course, that's not nice of me to recognize that. Madam Queen Czar Hillary might retroactively punish me for my opinion.