In any event, while his sentiments were laudable, I'm reminded of a Dave Ramsey saying - "you can't help someone from a position of weakness". I think it was DR, anyway. In other words, to be able to help someone financially, you need to be able to keep yourself financially strong. As crappy as that might have been what would have happened had his mom still been alive? He'd be on the streets with an elderly Alzheimer's parent.
I realize people can't predict the future, but I've got friends that are continually doing really dumb things with money for their kids and even grandkids, and are going broke (and beyond) in the process. I think it does little to help the kids learn a sense of responsibility. My parents both helped out some when I was growing up and migrating to adulthood, but never to the point where they put themselves at serious financial risk. I'm grateful for their help, but we all felt I needed to do most of it on my own, which I have.