Senior federal housing officials say that of 51 loans made under the [Hope for Homeowners] program, 50 were made by Melville, N.Y.-based Lend America, and those 50 loans are being held up pending ongoing federal investigations. Yes, thatâs the program which was meant to help 400,000 troubled borrowers. It turns out to have helped exactly 1. http://blogs.reuters.com/felix-salmon/2009/05/08/housing-bailout-datapoint-of-the-day/ Tremendous success !
In the world of politics, Image is Everything. It's not what happens in reality, but what a politician can point to as "a successful program" that counts. This program has 1 success, so that's a successful program they can bellow about to the idiot masses that suck up any of the medias' shit.