Sep 30
The government did not learn its lesson.
They intend to put $35 billion MORE into support for mortgages to people that cannot afford them:
The Obama administration is close to committing as much as $35 billion to help beleaguered state and local housing agencies continue to provide mortgages to low- and moderate-income families, according to administration officials.
What other failed strategy will be next? Appeasing tyrants? Ooops…