$$$ Third Point’s Loeb Warns Yahoo Chief of Looming Proxy Fight [DealBook] $$$ "LightSquared has retained two of the most prominent conservative litigators in the country — Theodore Olson and Eugene Scalia — in a sign it could be preparing to launch a court battle against the FCC." [Politico] $$$ SEC Details Charges Against Pre-IPO Funds [WSJ] $$$ Surprisingly, placing third at the Jewish Olympics makes you only an average ping-pong player [BI] $$$ "Talk about selfish, such accomplishments didn't help anyone but him! There is no customer that will pay for self-indulgent status climbing in irrelevant hierarchies, regardless of how much we encourage our kids to play such games. That is, ping pong is a fabulous avocation, a pathetic vocation." [Falkenblog] $$$ How would you like to be an equity portfolio associate for PIMCO in Newport Beach? [DBCC] $$$ Bernanke says Fed to make bank rules clearer [Reuters] $$$ Pension funds don't want 100-year gilts [FT] $$$ Fitch Revises U.K.’s Sovereign Rating Outlook to Negative [Bloomberg] $$$ Pulitzer Prize-winning financial reporter Jesse Eisinger explains how he prepared for his role in The Social Network: "I became a billionaire to see what it felt like. I already knew about how to be rejected by girls, so that was easy. My role in Zombieland was much more difficult to prepare for." [Reddit] $$$ Former brothel owner makes Olympic team [MSN]

$$$ Facebook Adds Citi, Credit Suisse, Deutsche Bank on IPO [Bloomberg] $$$ Goldman CEO Blankfein deposed in insider case [Reuters] $$$ Greek Official Warns Debt Holdouts [DealBook] $$$ Yelp Stock Price Jumps 60 Percent In Its Debut [CNBC] $$$ Here is a fashion writer's detailed critique of Dominique Strauss-Kahn's lawyer's claim that it's hard to recognize a naked prostitute [Slate, earlier] $$$ You could be a Senior Director covering REITS for Fitch Ratings [DBCC] $$$ Iceland is considering adopting the Canadian dollar [Globe and Mail] $$$ U.S. seeks dismissal of Hank Greenberg's lawsuit on AIG takeover [Reuters] $$$ John Lanchester talks about why there's so little fiction about money [FT] $$$ And when making such comparisons between economics and physical science, there’s yet another point: what we call “microfoundations” are not like physical laws. Heck, they’re not even true. Maximizing consumers are just a metaphor, possibly useful in making sense of behavior, but possibly not. [Paul Krugman] $$$ Hoboken Steels for Wave of Drunken Revelers [Bloomberg] $$$ "You can all start creating a beautiful grey market now. Enjoy the weekend." [Overheard]

$$$ S&P, Fitch face trial over Italy downgrades [Reuters] $$$ Kodak Reaches Financing Deal With Bondholders [WSJ] $$$ "Investors in the US are marking down the prices of securities backed by mortgages written before the financial crisis, anticipating that the re-election of President Barack Obama presages a new effort to help distressed borrowers refinance their loans." [FT] $$$ Jon Ronson: "I had Nostradamus-like sense that things were going to go wrong in the credit industry. And I became obsessed with trying to tell that story. ... But I couldn't do it. And the reason was because I kept on meeting people who worked in the credit industry and they were really boring. I couldn't make them light up the page. And, as I said in The Psychopath Test, if you want to get away with wielding true malevolent power, be boring." [The Awl] $$$ "Armed with camcorders and Velcro, a group of activists hope to prove that mountain lions call Connecticut home despite assurances by the state that the big cats are out-of-towners." [Stamford Advocate] $$$ Consider buying a signed print of Geoffrey Raymond's Ina Drew painting [Annotated Paintings] $$$ LLOYD! [Sandy Sucks] $$$ A major insurance company is looking for quants to cover fixed income products, fixed income derivatives and structured products in New York [DBCC] $$$ Coal CEO Prays For Deliverance from Obama, Fires Workers [Slate] $$$ Exchanges Route Away From NYSE After Trading Glitch [WSJ] $$$ AIG keen to sell bank, expand in mortgages: CEO [Reuters] $$$ Baby Boomers Blunt Fed Easing While Saving for Retirement [Bloomberg] $$$ Businessweek criticized for poll on hot female b-school students [TBN] $$$ Mary-Kate Olsen Shares PDA with Older Boyfriend Olivier Sarkozy [toofab]