Econ 101: January 31, 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.

  • States reportedly have until Feb. 3 to decide whether to accept a foreclosure fraud settlement with the nation’s biggest banks. [BusinessWeek]
  • Some analysts don’t expect housing to play a major role in the nation’s economic recovery. [HousingWire]
  • The European Union yesterday adopted a treaty that imposes binding caps on national deficits and debt. [Washington Post]
  • Facebook could file for an initial public offering this week, with analysts suggesting the company is worth $75-$100 billion. [CNN Money]
  • Occupy DC protesters vowed to stay in two parks in the nation’s capital, despite an order from the National Park Service to leave. [Reuters]
  • The Senate yesterday — by a vote of 93–2 — approved a ban on members of Congress using privileged information to make stock trades. [Politico]
  • The Federal Trade Commission is cracking down on the debt-collection industry. [Wall Street Journal]
  • U.S. banks kept credit tight in the final months of 2011, despite rising demand for loans. [Wall Street Journal]