You're using freddie mac and fannie mae as examples of how something "government run" fails?
Please just read this article to see why the mortgage industry ACTUALLY got screwed.
http://www.politico.com/news/stories/0308/9246.html
Deregulation is what happened, in short. It's not even disputed, so opponents of health care reform just ignore that little tidbit and tell you that fannie mae failed and all this shit, like it was obama who pressed all the buttons.