Econ 101: May 17, 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.

  • JP Morgan’s losses from its massive trade-gone-bad have surged to $3 billion. [New York Times]
  • The White House has increased its efforts to ensure a tough interpretation of a regulation aimed at reining in risky bank trading. [Wall Street Journal]
  • Foreclosure filings last month fell to their lowest level since July 2007. [CNN Money]
  • A Greek exit from the Eurozone could cost European nations hundreds of billions of euros. [Reuters]
  • German Chancellor Angele Merkel said yesterday that she is open to discussing economic stimulus programs for Greece. [New York Times]
  • How Europe could decide the U.S. election. [Reuters]
  • Texas led the nation in workplace discrimination complaints in 2011. [Huffington Post]
  • Maryland yesterday passed an income tax increase on households making more than $150,000. [Washington Post]