Should the government own any part of the "good" Fannie and Freddie?

" If policymakers have learned anything from the subprime meltdown, it's that the hybrid model doesn't work. As the saying goes, it privatizes the upside and socializes the downside. There's no such thing as an "implicit" government guarantee -- if Wall Street pins its investing on the likelihood of a federal bailout, there will be a bailout. So let's not do that again, shall we?"