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Econ 101: October 18, 2011

By Pat Garofalo  

"Econ 101: October 18, 2011"

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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 latest proposed foreclosure fraud settlement would include a plan “that could help some ‘underwater’ borrowers get refinancing assistance.” [Wall Street Journal]
  • “After several quarters of having their loan balances plunge or flatten out, several of the nation’s biggest banks are reporting increases.” [New York Times]
  • Federal Reserve officials remain divided over whether or not to continue monetary easing. [Reuters]
  • The Commodity Futures Trading Commission today is set to approve “the toughest measures yet to curtail speculation in commodity markets.” [CNBC]
  • China’s economy grew at its slowest pace in two years during the last quarter, “as euro-debt strains and a sluggish U.S. economy took a toll.” [Reuters]
  • Members of Congress’ fiscal super-committee “have raised hundreds of thousands of dollars from special-interest groups, including a significant chunk from healthcare interests that want the panel to fail.” [The Hill]
  • Regulators clash over Bank of America’s stash of derivatives. [Bloomberg]
  • The Federal Reserve has agreed to the final version of “a new rule requiring the nation’s largest banks to establish ‘living wills’ that could be used to dismantle them if were to fail.” [The Hill]

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