The Mortgage Forbearance in the CARES Act Is Seriously Flawed

The government response to the COVID crisis will be subjected to analysis and critique for years to come. Even in the present, as governmental actions play out in real time, clearly effective and needed actions can be seen by many, just as other decisions are already met with skepticism. The fiscal-stimulus price tag is now very close to $3 trillion, and monetary stimulus is not far behind that level (and growing). Big actions have been taken — and unsurprisingly, history will likely judge