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Foreclosure, for Closure

What's wrong with the Bush and Clinton plans to suspend foreclosures.

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Correction, Feb. 28, 2008: This piece originally included an incorrect link to the Hope Now alliance. The link has now been removed. (Return  to the corrected sentence.)

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Daniel Gross is the Moneybox columnist for Slate and the business columnist for Newsweek. You can e-mail him at moneybox@slate.com and follow him on Twitter. His latest book, Dumb Money: How Our Greatest Financial Minds Bankrupted the Nation, has just been published in paperback.

Photograph of foreclosure sign by Justin Sullivan/Getty Images.