Sources

Paul Jackson: MT @JacobGaffney: TY MT @SenJeffMerkley: Geithner says new housing plan is very good policy… #HousingWire story http://t.co/rJJV8TWO

mattyglesias: Geithner endorses Merkley housing refinance plan: http://t.co/roLOsXAD

felix salmon: This is encouraging: Geithner supports the Merkley mortgage refi plan http://t.co/6IGozHVb

Felix: "In many ways, if you don’t sell your house, this is functionally equivalent to a principal reduction".

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