Econ 101: January 27, 2012

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.

  • Banks’ sloppy record keeping lets old mortgages rise from the dead to haunt homeowners. [Reuters]
  • Greece and its private creditors claim they’ve made progress toward a deal to avoid a Greek default. [Reuters]
  • The Obama administration is preparing to unveil a proposal tying federal higher education aid to a college’s affordability. [New York Times]
  • Ford yesterday announced its largest annual profit since 1998, making 2011 the second most profitable year in the company’s 109-year history. [CNN Money]
  • Industrial manufacturers expect 2012 to be a good year. [Financial Times]
  • Several states are facing lawsuits alleging that they are failing to live up to their K-12 education funding duties. [Education Week]
  • The British economy is now doing worse than it did during the Great Depression. [Brad Delong]