Econ 101: June 6, 2011

Welcome to ThinkProgress Economy’s morning link roundup. This is what we’re reading. Have you seen any interesting news? Let us know in the comments section. You can also follow ThinkProgress Economy on Twitter.

  • The New York Times notes the “mismatch” between federal foreclosure prevention programs and the reality that most foreclosures are now driven by unemployment.
  • GOP candidates find energy subsidies hard to quit, notes Politico.
  • More than one-third of likely voters “expect to be worse off [economically] when they go to the polls a year from this November,” according to a new survey from The Hill.
  • Goldman Sachs plans to respond to a Senate subcommittee investigations into its practices before the financial crisis by accusing the subcommittee “of drastically overstating Goldman’s bets against the housing market in 2007.”
  • Swing states continue to struggle with the housing bust, the Washington Post reports.
  • “Extra capital requirements for super-large financial firms should be bigger for those that pose the greatest risk of destabilizing the financial system,” Fed governor Daniel Tarullo explained.