Econ 101: February 9, 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.

  • Federal and state government officials have reportedly finally agreed to a $26 billion foreclosure fraud settlement, with the money going to aid as many as two million homeowners. [New York Times]
  • Completed foreclosures fell 24 percent in 2011, according to the latest data from CoreLogic. [HousingWire]
  • Greek leaders still have not come to an agreement on austerity measures demanded by the EU in return for another infusion of funding. [Reuters]
  • Will Facebook’s IPO boost California’s housing market? [New York Times]
  • A top Federal Reserve official said yesterday that the central bank may need to buy more bonds to bolster the fragile economy. [Reuters]
  • The Obama administration is expected to announce this week that it is granting 10 states waivers from requirements in No Child Left Behind. [Wall Street Journal]
  • Federal securities regulators are planning to sue several major banks for their role in selling subprime bonds before the financial crisis. [Wall Street Journal]
  • The percentage of young adults who have jobs has hit its lowest point on record. [CNN Money]