anyone else smell Bushit ?

I have had my home for 15 years and it is now so far down in value that it is worth what I payed for it 15 years ago. I refinanced 4 years ago for the lower interest rate and cut 5 years off what was left. The mortager asked if I wanted the full value of what it was worth I said no just what I owe. I think if all people were responsible on their money we would not be in the shape we are in now. I feel I was smart and should not have to pay for others stupidity.