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Econ 101: October 31, 2011

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"Econ 101: October 31, 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 Treasury Department “is likely to put off its second sale of shares in American International Group…because of unfavorable market conditions.” [Wall Street Journal]
  • Bank of America is rethinking its unpopular proposal to impose a $5 monthly debit card fee. [CNN Money]
  • According to new predictions, “home values are expected to fall another 3.6% by next June, pushing them to a new low of 35% below the peak reached in early 2006 and marking a triple dip in prices.” [CNN Money]
  • In the last week, “more than 90 lower-chamber Democrats have officially endorsed the president’s jobs bill.” [The Hill]
  • Federal agencies “have blown about 77 percent of the rule-making deadlines” in the Dodd-Frank financial reform law. [Politico]
  • The Organization for Economic Development and Cooperation said today that “advanced economies are looking at two years of weak growth and high unemployment, and the outlook is likely to worsen unless the euro zone reins in its sovereign-debt crisis.” [Wall Street Journal]
  • Japan intervened yesterday “to counter speculation that officials say is hurting the world’s No. 3 economy.” [Reuters]
  • Yet another lawsuit accuses Goldman Sachs of “purposely unloading $93 million in mortgage-backed securities it knew to be junk onto a client, then betting against those same securities.” [Huffington Post]
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