Econ 101: January 19, 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.

  • U.S. stocks in 2012 are off to their best start in 25 years. [Bloomberg]
  • Former FDIC Chairwoman Sheila Bair is calling for the government to break up the nation’s biggest banks. [Fortune]
  • A potential settlement between the government and banks that engaged in foreclosure fraud may provide enough money to help one million troubled homeowners. [Wall Street Journal]
  • The 131 year old company Kodak is filing for bankruptcy. [New York Times]
  • A group of hedge funds is thinking of suing Greece in human rights court. [New York Times]
  • Oil giant BP is expected to pay $20-$25 billion to the Justice Department to settle charges stemming from the Deepwater Horizon spill. [CNBC]
  • The median overdraft fee that banks charge to consumers jumped to $30 last year, the highest in 30 years. [Huffington Post]
  • The Education Department is eying a Race to the Top style program for individual school districts. [Education Week]