What good is a 90-day moratorium when most banks wait 6 months to start the foreclosure process. When somebody is 6 to 9 months behind on payments they will never catch up. 90-day moratoriums are simply talk.

The truth is this is going to be painful, but how is the pain going to be dispersed? Is it going to go mostly to the people and companies that caused the problem with some major over spill, or is it going to go straight to the tax payers with little consequence on the guilty parties?