So you're a poor victim of circumstance, or of unscrupulous mortgage brokers or Realtwhores. You just want to live the American Dream and own a house. Fair enough.
Take a look at your loan application. How much money did you tell the bank you were making? Now take a look at your tax return for that year. How much money did you tell the IRS you were making? Were you lying to the bank or were you lying to the IRS?
Now please tell me why you deserve a taxpayer-funded bailout instead of prison time.