JUST STOP IT !
Stop setting an expiration date to live event items ! Since day one , the biggest problem destiny had had was lack of content . When your game lacks content , you ADD content , you don't TAKE IT AWAY for no actual reason !
P.S. in case you dont know , with this festival of he lost , you can get a broom sparrow which looks amazing , but for some reason it is due to completely disappear after FotL . Why ? Well idk
EDIT: [spoiler]my point isn't that events and festival loot should be obtainable for longer . On the contrary , I'm all for timed exclusives when it comes to limited time to obtain stuff , and obviously it wouldn't make sense for festival of the lost items to keep dropping during christmas . However , i think you should be able to keep every item you get during those events as souvenirs , trophies , collectibles etc. and they SHOULDN't'T simply disappear from your inventory for the sake of events being "timed exclusive" . If you think that would be a problem for guardians to ride broomsticks all year long in terms of realism , let me remind you that destiny is a game about resurrected space cowboys and wizards using space magic to kill alien zombies and defend a big white floating orb . We've also been able to keep our masks all this time , and that never caused a problem , so let's not delete someone's work , something that took time and ressources , for no reason . [/spoiler]
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If it's fun bungie will shit on it. They should have given you a quest to replace the broom that leads to you getting an exotic broom sparrow. I'm pretty sure this game is being run by the interns from the local college at this point.