President Obama has announced reforms to help homeowners whose houses have fallen in value to refinance their mortgages. We discuss the president's plan, and what the government can do in the face of rising foreclosures and increasing homeowner debt.
Guests:
Anna Eshoo, U.S. congresswoman representing the 14th Congressional District
Kathleen Pender, business columnist for The San Francisco Chronicle
Nicole Gelinas, fellow at the Manhattan Institute
Atif Mian, associate professor of finance and real estate at UC Berkeley's Haas School of Business
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