$$$Greece’s Creditors Break Off Debt Talks Amid Coupon Dispute [Bloomberg]

$$$Ratings Cut Deals Blow to Sarkozy [WSJ]

$$$S&P will probably downgrade EFSF bonds, what does this tell you about structuring an EFSF CDO? [MarketBeat via Felix Salmon]

$$$"We just might do a good thing for America, and along the way get a great return on investment," says the letter to prospective investors [from Phil Angelides, who ran the Financial Crisis Inquiry Commission]. "If our hopes do not pan out, the amount wagered should be a deductible loss." In the letter, the mortgage company refers to its political connections as its "secret formula." [Reuters]

$$$ Bacon will probably kill you [CBS]

$$$ Things are going great for Jeff Gundlach, thanks for asking [BI]

$$$ Ken Griffin is also feeling pretty good [DealBook]

$$$When quants get bored [arXiv via Paul Kedrosky]

$$$Credit Score Zealots Pursue Fool’s Errand for Numbers Over 800 [Bloomberg]

$$$ More than you ever wanted to know about the bathrooms at Bloomberg, and even more [Gawker]