Econ 101: February 6, 2012

Econ 101: February 6, 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.

• General Motors is setting its sights on making more than $10 billion a year. [Wall Street Journal]

• Greece’s deadline to tell the EU whether it will accept the terms of a new bailout is today. [Reuters]

• Bank of America, JP Morgan Chase, and Wells Fargo have been sued by New York Attorney General Eric Schneidermann for their use of a mortgage database that may have led to improper foreclosures. [Bloomberg]

• State officials face a deadline today for deciding whether to sign onto a foreclosure fraud settlement with the nation’s biggest banks. [New York Times]

• Swiss banks are laying out their plans to respond to pressure from the U.S. to turn over tax evaders. [Associated Press]

• How venture capital funding is flowing into K-12 education. [Education Week]

• The Obama administration plans to nominate nominate Jeremiah Norton, a JP Morgan Chase executive and former Bush administration regulator, to the FDIC. [Wall Street Journal]

• The UK looks to bridge its divide with the U.S. over bank regulation. [Financial Times]

HERO DYD