Failure

There was never an easy surefire fair way to stem the foreclosure tide, but almost needless to say all attempts to do so were colossal failures.

Dec. 10 (Bloomberg) -- Foreclosure filings in the U.S. will reach a record for the second consecutive year with 3.9 million notices sent to homeowners in default, RealtyTrac Inc. said.

This year’s filings will surpass 2008’s total of 3.2 million as record unemployment and price erosion batter the housing market, the Irvine, California-based company said.

But the market's up, so it's all good.