Joe Siglitz on a foreclosure moratorium

Here's an interview with Columbia University economics professor and Nobel Laureate Joesph Stiglitz on, among other things, creating a moratorium on housing foreclosures in the U.S. While I found the whole interview interesting, I was particularly intrigued by his arguments regarding the role of fairness in policy. It's one of the few times I've seen direct incorporation of "social preferences" directly into policy discussions (outside of purely academic circles).