Even if this is true, banks are still illegally stealing property from people who either own their homes outright or are current on their mortgages. This must stop, and if banks are punished by being forced to stop all foreclosures, then so be it. After all, when a person commits a crime, he is punished at far more than the cost of the crime so that a disincentive is provided to other potential criminals.
Perhaps if banks were not attempting to illegally seizing property, I would agree that these moratoriums are shams.
Show me an example of where the banks foreclosed on the wrong property?