NYTimes:

A fund to support homeowners in the communities hit hardest by the collapse of the housing bubble has disbursed just 3 percent of its budget and aided only 30,640 homeowners in the two years since its creation, according to a report released on Thursday by a federal watchdog office.

Via Atrios, who says:

There are elements of the administration fail on housing that I chalk to the usual reasons (too cozy with the big banks, etc). But sometimes I look at what's happening and wonder if the people working on this stuff are just incompetent.

My post title is from a Simpsons episode that i can't find a clip of on YouTube.