How to Stop Foreclosures? Debt Relief and a Moratorium … &aid=17188

Why is stopping repossessions/foreclosures regarded as such an imperative ???

I can half understand why in Ireland; because our bankruptcy system means that it effectively amounts to a life sentence of debt.

But in the US, with the current meltdown, it would be only a temporary issue for most people.

Is this just a matter of conning people into believing that continuing to pay off a crazy mortgage on a property that is in massive NE is a good thing; just to keep the banks afloat ??

Zzzzzz… I suppose hope for the debts-plebs must be inflated every now and again…

Cant wait to hear the detail…