Stress tests; Tech bubbles; The Millennial Whose Job Is to Taste Bourbon; Octopus escape artists; AND MORE.

Pimco sues Citi; Barclays settles Libor; "Sumner Redstone Denies Ex-Girlfriend's Claim He's Incapacitated"; and more.

$$$ Spain Banks Have $76 Billion Capital Deficit in Stress Test [Bloomberg] $$$ How Bernanke Pulled the Fed His Way [WSJ] $$$ The economics of video games [Wonkblog] $$$ Scaramucci Picking Singapore Shows City as Hot Spot [Bloomberg] $$$ "SocGen’s Alberts concedes that his writing can be 'pretty insane' and his market timing 'unerringly inaccurate.'" CNBC's headline is "Bernanke’s ‘Ruinous’ QE Will Lead to Rapid Inflation: SocGen’s Albert Edwards" [CNBC] $$$ 'Cocaine For Snowblindness': What Polar Explorers Packed For First Aid [NPR] $$$ AIG is looking for a credit analyst in New York [DBCC] $$$ Mortgage lending should provide a tailwind to bank earnings [Reuters] $$$ Ex-analyst at unit of Cohen's SAC Capital admits insider trading [Reuters] $$$ Global regulators follow UK’s Libor lead [FT] $$$ What Your Beer Says About Your Politics [Hotline] $$$ From King’s Daughter to Lowly Fishmonger: Lisa Marie Presley Is Selling Fish and Chips out of the Back of a Van [Gawker]

$$$ Gawker acquires semi-public audited financials of Bain Capital funds, orgasms all over them [Gawker, related] $$$ Bain Capital's conversion of management fees into carry may have been tax aggressive [Victor Fleischer] $$$ Republicans eye return to gold standard [FT] $$$ New York Fed Sells Last of AIG Bonds, at a Profit [WSJ] $$$ "Hedge Funds, Grimacing, Open the Kimono" [Bloomberg] $$$ BlackRock would like to hire a securities lending accounting associate in San Francisco, if that's your cup of tea [DBCC] $$$ The Downsizing of the American Butler [CNBC] $$$ What's up with Best Buy? [DealBook] $$$ Citi passed its make-up stress test [Reuters] $$$ Seven-Year-Old Wins Iceland Ram Groping Contest [Iceland Review via MR]

$$$ There's an EU summit going on [Bloomberg] $$$ There was a Supreme Court decision today [Slate] $$$ EFSF/ESM 2ndary market bond purchases wouldn’t bring much relief [Megan Greene] $$$ Neither will Eurobonds [EconoMonitor] $$$ JPMorgan to announce $5bn ‘whale’ loss [FT] $$$ Local Porn Stars Will Make Good on Offer to Give Anyone a BJ After Heat Championship [Miami New Times] $$$ BoNY Mellon is looking for a prime brokerage salesperson in Jersey City [DBCC] $$$ PIMCO's Gross: U.S. is "best of the worst" investment [Reuters] $$$ Moody’s downgrades eight Brazilian banks [FT] $$$ Cravath, Swaine & Moore Names a New Leader [DealBook] $$$ Are Shareholders Ruining Corporations? [Gawker] $$$ Italy 2 - 1 Germany [WSJ]

$$$ Clogged Credit Weighs on Fed Policy Makers [WSJ] $$$ Ex-Expert Network Consultant Pleads Guilty in Insider Case [WSJ] $$$ TCI is trying to guilt the FSA into forcing Lloyds to redeem TCI's holdings of Lloyds contingent capital bonds at above-market prices [FT] $$$ Homeowner Aid Boosts Big Banks [WSJ] $$$ World's population is 17 million tons overweight [MSNBC] $$$ Do you have plans on July 17? Do you fancy yourself a poker player? A really good poker player? Do you think you could beat David Einhorn, even if he’s working the table like it's Lehman Brothers circa 2007/2008? Do you think it would not be so awkward that the two of you could then enjoy a meal together and talk shop after which he picks up the tab? If David's not your thing, do you think you could envision yourself in the same scenario but with Bill Ackman? If you answered yes to most of the above and also consider yourself a fan of humanity, helping others and all that jazz, you should most definitely clear your schedule next Wednesday and sign up for a World Poker Tournament benefiting the Rewarding Achievement (REACH) program, which was co-founded by Bill Ackman and Whitney Tilson and gives inner-city high school students academic support and scholarships for passing AP exams. The event is taking place at Gotham Hall in New York and Einhorn (your competition) will be playing, as will Ackman and Tilson. Prizes for winners include the aforementioned meal (a lunch), with Bill, David or Seth Klarman, five nights at a “world-class private beach home in Lamu, Kenya,” a private poker lesson with 2011 WSOP bracelet winner and 2011 WPT Player of the Year, Andy Frankenberger and more. Alternatively, if you’re not one for cards but still want to help kids, you can also just register for the cocktail hour. $$$ Would you be interested in a job as a credit team director at a distressed-focused private equity firm in New York? What if I told you it's at Patriarch Partners? [DBCC, also available] $$$ Likelihood of Grexit Still 50-75%: Citi [CNBC] $$$ Alvarez Says Fed Hasn’t Seen Other JPMorgan Risk Problems [Bloomberg] $$$ Millionaire Parents Say Their Kids Are Unfit to Inherit [CNBC] $$$ New Jersey Man Allegedly Calls 911 From His Pillow Fort, Demands To Speak To Tim Tebow [DeadSpin]

$$$ Geithner: Ready to Go Over 'Cliff' If Taxes Don't Rise [CNBC] $$$ Republicans weigh swallowing tax hike on the wealthy [Reuters] $$$ SEC's Top Markets Official to Leave [WSJ] $$$ Wells Fargo Banker Sued by SEC in Probe of Insider Trading [Bloomberg] $$$ Paulson Says Real-Estate Fund Performing Well [WSJ] $$$ John McAfee Seeks Asylum, Thanks God for 'Sanity' [ABC] $$$ A Chicago-based proprietary trading firm is looking to hire a quantitative futures analyst/trader [DBCC] $$$ Facebook To Join QQQ’s Index Dec. 12 [IndexUniverse] $$$ Nasdaq attorney calls on SEC to review proxy rules [Reuters] $$$ Europe bond market set for holdout reform [FT] $$$ Will Citi's Massive Layoffs Be Enough? [CNBC] $$$ Man Shoots Girlfriend in the Back for Not Taking the Possibility of a Zombie Apocalypse Seriously [Gawker]

China; Stress tests; Another broker cleared in Libor trial; "World's Greatest Athlete Plays Ping-Pong With His Penis"; and more.