Econ 101: February 2, 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.

  • Facebook filed for its initial public offering yesterday, hoping to raise $5 billion. [Washington Post]
  • President Obama yesterday unveiled his new mortgage refinancing plan. [Reuters]
  • The foreclosure fraud settlement being worked out between the states, the Department of Justice, and the nation’s biggest banks would reportedly give states enforcement power to police bank misdeeds. [Reuters]
  • Federal Reserve Chairman Ben Bernanke plans to once again tell Congress that cutting the deficit too quickly would likely harm the economic recovery. [Washington Post]
  • How the bill for building this year’s Super Bowl stadium has been foisted onto taxpayers. [Bloomberg]
  • Stocks are off to their best start since 1997. [CNN Money]
  • The House voted yesterday to extend a federal pay freeze through 2013. [Reuters]
  • Gov. Mitch Daniels (R-IN) signed legislation yesterday making Indiana the first state to become “right to work” in 10 years. [Reuters]