$$$Bear Stearns Sending Redundancy Letters [Reuters via NYT]
$$$ Thain's plans to go from MER-->GS2 proceeding nicely. [Bloomberg]
$$$The Five ForcesCircles of Hell [GP]
$$$ Tips On Street Fighting from Yale Fantasist Aleksey Vayner [Gawker]
$$$ Still sticking to our pledge to not make fun of charity but, man, this hurts. [TimSykes]