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...