Doesn't sound like you read the article I linked. In case you haven't noticed, there have been several mega failures, that due to the amounts of $'s involved were most likely not related to the two GSE's problems. BUT, were caused by essentially the same problem - loans going south. The investment bankers have a lot more at stake than the GSE's because they have considerably more exposure. Not just in MBS's but derivatives also - which is the REAL killer. THAT'S who this bailout/rescue/boondoogle was designed to help - IMO of course.
I have not read the article you linked. I tend to look for a core component that if removed would have adverted this crisis.
And it keeps coming back to Freddie and Fannie. Primarily because of the corruption and protection surrounding them is like gasoline being poured on to the fire.
I will take a closer look at the link you sent and read on-thanks for the heads up.