the mortgage foreclosure notices being sent out are being sent out correctly that, is to people who haven't been paying their mortgages, but it's a big problem for the housing market now because if the foreclosure process does not work properly, i think it makes it very difficult to get to the bottom of the housing crisis so we can move out of this and move on. bill: so the answer to the why is this: that the banks are worried about legal proceedings down the road, okay? we got that now. >> right. bill: the white house, david axelrod, says he thinks it's a bad idea. >> this is -- for once the white house has taken apgs i agree with. i don't think the government should be involved in this, i think the idea of a blanket moratorium on foreclosures, bill, would be the worst possible thing to do right now. we want the foreclosure process to work properly, so people if they haven't been paying their mortgages for six months or something like that get taken out of the hole and you resell it. the banks need the money from these mortgage payments or you're going to have more banks fail. bill: i don't get that.