Business Update on KPCC: Obama's housing plan, unbanked households

Refinancing will be made a bit easier for homeowners who have stayed current on their mortgage payments, but that still leaves millions of others (many of them in California) who haven't. So the president's plan, while offering some relief for the housing market, is certainly not the ultimate answer. Also, a look at why so many lower-income L.A. households are choosing not to have a bank account. This week Susanne Whatley fills in for Steve Julian. Available at kpcc.org and podcast (Business Update with Mark Lacter). Transcript is after jump