Econ 101: May 18, 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.

  • An investigation into bribery by Walmart officials has widened beyond the company’s Mexico branch. [New York Times]
  • JP Morgan CEO Jamie Dimon personally approved the trades that have cost the company at least $3 billion. [Wall Street Journal]
  • Facebook priced its initial IPO at $38 per share, making it the largest internet IPO in history. [CNBC]
  • Congressional Democrats are questioning why the Securities and Exchange Commission keeps letting corporations settle charges without admitting wrongdoing. [Washington Post]
  • The housing bust may decrease the likelihood that middle class teens attend top colleges. [Huffington Post]
  • The Senate yesterday confirmed two of President Obama’s nominees to the Federal Reserve Board, filling all of the board’s seats for the first time since 2006. [Wall Street Journal]
  • President Obama will meet with France’s new President Francois Hollande for the first time today, ahead of a meeting of the G-8. [Bloomberg]
  • Consumers and businesses are making massive withdrawals from Greek banks. [CNN Money]