The Fed established new lending programs, and approved large purchases of government securities and mortgage-related securities.
VOA: special.2009.08.28
Possible future actions by the government between now and the 2012 elections: tax policy changes, stimulus spending, mortgage modification programs, etc.
The mortgage re-modification programs have been designed by the banks to keep money flowing in, while they should be used to stimulate our sagging economy.
So we've announced a very ambitious and started to move on a very aggressive set of programs to help bring down mortgage interest rates, to reduce mortgage payments, millions of Americans will benefit from those programs, and again, you're going to see tens of thousands of small businesses see more access to credit because of the result of these programs.