Rep. Cardoza’s plan to refi mortgages rebuffed by Obama administration

Rep. Dennis Cardoza (D-Calif.) was elected by a district where 30 percent of homes have been foreclosed on and 70 percent are under water on their mortgages. Cardoza tells Cenk about his plan to prevent foreclosure through widespread mortgage refinancing — and how he’s been rebuffed by the Obama Administration since the beginning of their term.