“It’s clear that these voluntary efforts in and of themselves cannot really make a dent,” said Allen Fishbein, director of credit and housing policy at the Consumer Federation of America. “Government intervention is going to be necessary.”

Here comes the pleas for government intervention which will only make it worse and last longer.
Story here:
http://www.signonsandiego.com/news/business/20080613-1132-foreclosurerates.html