iOS app Android app More  GET UPDATES FROM Mark Winston Griffith
Foreclosure Moratorium: Its time has come?  Posted: 11/21/08
01:44 PM ET  This entry is cross-posted on the DMI blog  There
used to be time when the idea of a national moratorium on
foreclosures was largely seen as an impractical, if not radical,
idea. The conventional wisdom has generally been that it is a
political non-starter: The government would never sanction it.
The lenders would cry bloody murder. How could you so brazenly
interrupt the free market like that?  Months ago DMI's own
Andrea Batista Schlesinger wrote an op-ed proposing a moratorium
n New York State, against the tide of the fair lending advocacy
mainstream. ACORN's organizing push to freeze foreclosures in
New York State earlier this year seemed so extreme that it
helped position the passage of a responsible lending and
foreclosure prevention law - one of the most far reaching pieces
of legislation of its kind in the country - as an act of
responsible moderation.  What a dif