$$$ Roger Altman , founder of Evercore Partners Inc. and a former deputy treasury secretary, has emerged as a leading candidate to replace Lawrence Summers as director of President Barack Obama’s National Economic Council [Bloomberg]

$$$ Jerome Kerviel: 'I Was Merely a Small Cog in the Machine' [Spiegel]

$$$G.M. Raises Offering by 31%, Further Cutting U.S. Stake [Dealbook]

$$$Joe Nocera Likes To Be Angry [Daily Intel]

$$$ Eloquence in an Interview Is Better Than Accuracy, Says Study [FINS]

$$$ Phil Angelides Launching Probe Into Mortgage Market [FBN]