$$$Market Erases 2011 Gains on Concern of Recession Return (Bloomberg)
$$$ Bill Gross: Debt deal was "a Republican Tea Party victory." (Bloomberg)
$$$ Guggenheim: Europe on Brink of 'Major Financial Collapse' (CNBC)
$$$ Matthew Goldstein: Steve Cohen's Forbidden Transcript (Reuters)
$$$ "When Goldman sheds those in its bottom 5%, the firm pulls him or her aside in a private meeting, reveals the news and then gives the employee three or four months in which to find a new job. During that period, that person will remain at the bank and their status won't be revealed to anyone until they've found a new job." (FINS)
$$$Idaho Town Terrorized by Guy in Bunny Suit (Gawker)
$$$Why are the ratings agencies so hard to kill (Slate)?
$$$Preet Bharara: The enforcer of Wall Street (Fortune)