Amid increasing turmoil, the financial sectors continue to get battered with ever worsening statistics, facts, and losses.  Even once steadfast companies like Citigroup are seeing lines of of defaulting homeowners looking around for help and their share of the bailout.  In what may be good news for some of these homeowners, Citigroup has announced that they are putting a temporary moratorium on foreclosures for all clients who are willing to work in good faith to restructure and repay their mortgages.

Some experts contend, and I would assume that they are correct, that the 158 year old Citigroup is simply postponing the inevitible if things don’t change in the economy as a whole.  Of course, it will curb the ever increasing number of foreclosures, but until the underlying problems get resolved its impossible to know what the long-term benefits of this halt will be.