Econ 101: June 10, 2011

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.

  • Wall Street manufactures some outrage over risk retention rules. [Kevin Drum]
  • Households have recovered barely more than half of the wealth lost during the Great Recession. [CNN Money]
  • Vice President Biden and the six members of Congress attempting to work out a debt reduction deal plan to increase the frequency of their talks, scheduling three meetings for next week. [The Washington Post]
  • Economist Robert Shiller said yesterday that recent economic data lead him to believe that “a double-dip recession is possible and home prices could have much further to fall.” [Reuters]
  • In a settlement with state regulators, Goldman Sachs has “agreed to pay $10m and ban so-called ‘trading huddles’ between research analysts and traders.” [Financial Times]
  • Egypt’s economy slows to a crawl: “In a region where economic woes enraged an entire generation, whether and how Egypt can fix its broken economy will be a crucial factor in determining the revolution’s success.” [The New York Times]
  • The Obama administration may have finally settled on nominees for the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. [The New York Times]
  • House Democrats are “calling for any deal to raise the debt ceiling to bring about the end of the Bush tax rates for the wealthy.” [The Hill]