Econ 101: May 8, 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.

  • Greece is preparing to hold another election next month, after Sunday’s vote failed to produce governing majority. [Financial Times]
  • A new study shows that recent global efforts to crack down on tax evasion have largely failed. [The Guardian]
  • The U.S. government’s profit from rescuing mega-insurer AIG may reach $15 billion. [Wall Street Journal]
  • Senate Republicans are obstructing President Obama’s latest nominees for the Federal Reserve Board. [Reuters]
  • Spain is preparing to bail out Bankia, the country’s third largest bank. [Financial Times]
  • A committee of lawmakers charged with negotiating a new highway bill will meet for the first time today. [The Hill]
  • The European Union is moving forward with discussion of implementing a financial transactions tax. [The Hill]
  • Bank of America is planning to offer mortgage principal reductions to 200,000 homeowners. [CNBC]