This week President Obama unveiled his plan to help the troubled housing market. The president’s $275 billion bailout will take effect March 4 and is projected to help almost 9 million American homeowners.

But exactly what is in the plan and how will it affect the average American?

Marketplace Money host Tess Vigeland talks to Nicolas P. Retsinas, Director of Harvard University’s Joint Center for Housing Studies about the president’s plan for housing stabilization, who it could help, who could unfairly profit from it, and what the plan may mean for renters.

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