$$$ A Nobel Prize for Market Design [Digitopoly via @Counterparties] $$$ Study shows $1.2 trillion gap for public pensions [Reuters] $$$ RBS Said to Suspend European Rates Trading Head on Libor [Bloomberg] $$$ Softbank to Buy Sprint Nextel for About $20 Billion [WSJ] $$$ "The study's results identified three factors that groups with high team intelligence possess: The ability of group members to read and respond to social cues; The proportion of women in the group (women tend to do better on social perception tests); Evenly distributed conversational turn-taking, rather than dominance by a few members." [HBR] $$$ Paul Ryan Scrubs Already Washed Soup-Kitchen Pots Because That’s How Much He Cares [DI] $$$ A top investment bank is looking for a director-level global markets risk senior manager in New York [DBCC] $$$ Goldman Names Bayo Ogunlesi to Its Board [DealBook] $$$ Basel liquidity rules and their impact on the interbank money market [VoxEU] $$$ "Squirrels don’t lobby Congress, when the ranger decides to burn down the bit of the forest where their acorns are buried. Banks and their creditors are unlikely to take 'controlled burns' of their institutions so stoically." [interfluidity] $$$ This is an amusing story about a research analyst screwing up a model to show a covered company needing $500mm of capital instead of the correct $50mm [Integrity Research Watch] $$$ Koch brothers’ company encourages employees to vote for Romney in mass mailing [NYDN]

Block calls U.S. stocks rally 'dead cat bounce'; Strategist says Trump is a wild card for the markets; Naked Female Motorist Leads New Mexico Cops On 100 MPH Chase, Says She Was Too Hot For Clothes; and more.

$$$ Schaeuble Declares Markets Wrong As Europe Heads To Vacation [Bloomberg] $$$ Don't Force Banks Into 'Draconian' Breakups: Whitney [CNBC] $$$ Morgan Stanley Stock May Be Worth $32 In Breakup, Mayo Says [Bloomberg] $$$ The Merkley plan to refinance underwater mortgages sounds pretty good [Reuters / Felix Salmon] $$$ Outspoken Analyst Kinnucan Pleads Guilty in Insider Case [WSJ] $$$ Man who rescued a 17-pound lobster "felt the nearly 100-year-old crustacean did not deserve to die with its parts soaked in butter. 'If he was 100, he saw World War I, World War II, man on the moon,' he said. 'Being in New England, he even saw the Red Sox win the World Series. So, he didn’t deserve the boiling water.'" [CBS] $$$ Due to recent regulatory requirements, a top bank in Charlotte is looking for a counterparty credit risk manager to be a Basel expert [DBCC] $$$ Libor scandal makes it more costly for bankers to get insured [Reuters] $$$ Europe Aims to Make Rate Manipulation a Criminal Offense [DealBook] $$$ Fund managers to lose securities lending profits [FT] $$$ The Securities and Exchange Commission drew sharp criticism from a federal judge who said they have failed to properly oversee a $55 million investor education fund created by a nearly decade-old settlement with Wall Street banks. The fund had been created as part of a roughly $1.5 billion regulatory accord in 2003 with Citigroup Inc, Goldman Sachs Group Inc, JPMorgan Chase & Co and other banks accused of publishing biased analyst research. U.S. District Judge William Pauley in Manhattan said the SEC has shown a "lack of oversight" and "indifference" toward how a nonprofit organization charged with distributing the money has been managed. ... Pauley pointed as an example to a two-year, $91,500 grant to the Genesee District Library in Flint, Michigan, that appeared to have resulted in just two events, one of which concerned "spending, sharing, and saving" for children ages two to five. "While there may be benefits to starting investor education early, toddlers seem beyond the pale," the judge wrote in an order issued Wednesday. [Reuters] $$$ Mitt Romney would restore 'Anglo-Saxon' relations between Britain and America [Telegraph]

Starwood receives unsolicited bid; Former Goldman director is out of jail; Burglar Insists He Broke Into Home To Save Wife Taylor Swift; and more.