Will foreclosure rescue bill help ease the pain?

Congress may finally pass a bill that is supposed to help homeowners who face losing their homes to foreclosure, but even supporters acknowledge the bill helps a fraction of the people in this predicament. One economist predicts millions more may default on their mortgages.

Guests

• Mark Zandi: Chief Economist and co-founder of Moody's Economy.com.
• Nicolas Retsinas: Director of Harvard University's Joint Center for Housing Studies.
• Gary Smith: Professor of economics from Pomona College. He's the co-author of "Houseonomics."

Resources

• About Mark Zandi
• Joint Center for Housing Studies: State of Nation's Housing
• Houseonomics
• Hope Now