Bank of America sign
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Mad in Philadelphia.

On today's Planet Money, a look at President Barack Obama's plan to prevent foreclosures.

— The president's $275 billion proposal may not be big enough, but it's a necessary part of America's social compact, says economist Robert Shiller of the Case-Shiller Index.

— The proposal is big enough to make a difference, says Amir Sufi of the University of Chicago Booth School of Business. But it may not be tough enough to make banks or homeowners play.

— Twitter Questions! Amir Sufi sticks around to answer your 140-character queries about the foreclosure plan.

Bonus: After the jump, the full Twitter Questions session.

 

Thanks to all our Twitter pals for sending questions and to Amir Sufi for taking them:

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