Econ 101: April 11, 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.

  • Prepaid card use rose about 18 percent in the U.S. last year, as consumers abandoned more traditional banking products. [Bloomberg]
  • Investors are deserting Spain’s battered banks, as the Eurozone debt crisis picks up steam again. [Reuters]
  • According to an analysis by the International Monetary Fund, a buildup of household debt exacerbates recessions. [Bloomberg]
  • The National Fair Housing Alliance yesterday filed a suit against Wells Fargo, alleging that the bank is failing to maintain foreclosed properties in minority neighborhoods. [Washington Post]
  • Big banks, as they slowly heal their balance sheets, are starting to reenter subprime lending. [New York Times]
  • An ex-Wall Street trader has been sentenced to prison for threatening to kill Wall Street regulators. [Huffington Post]
  • The Education Department has announced $133 million in funding for a new round of the Race to the Top program. [Education Week]