Frustrations Build Over Housing Rescue Programs. What is the Alternative?

"Critics see struggling borrowers being bailed out for what they believe was reckless behavior by both lenders and home buyers. Many skeptics feel this group of borrowers did not play by the “rules,” and now everyone who did is being forced to bail them out. Why do they get a lower interest rate for their irresponsible decisions? Why isn't my loan principal being reduced? "