$$$ How Morgan Stanley sank to junk status [Reuters] $$$ Rosengren Says Renewing Operation Twist Would Spur Growth; in other news the 10-year hit 1.437% today [Bloomberg] $$$ Defiant Spain to test the bond market [FT] $$$ Egan-Jones cuts Italy to B+, says economy "miserable" [Reuters] $$$ Rajat Gupta’s Wealth in Spotlight at Trial [DealBook] $$$ Man Sentenced For Abandoning Teen Daughter Due to Her Poor Calculus Grade $$$ A highly regarded advisory firm is looking for a life sciences investment banking associate [DBCC] $$$ Bankruptcy Court Approves Dynegy Settlement With Creditors [WSJ] $$$ Chesapeake Oil Well Is Biggest Gusher In Company History [Bloomberg] $$$ A central-bank failure of epic proportions [Economist / Free Exchange] $$$ The National Review runs an article endorsing NGDP targeting [NR] $$$ Hockey Mom Madam wants bail reduced so she can care for her son

$$$ Moody's says more steps needed to save US credit rating [Reuters] $$$ Avis to Buy Car-Sharing Service Zipcar [WSJ] $$$ There's going to be a re-settlement of the mortgage settlement [NYT] $$$ BofA Could Join JPMorgan Selling Units to Boost Value, Mayo Says [Bloomberg] $$$ Greek Official Resigns Amid Bank Scandal [WSJ] $$$ The Great Canadian Maple Syrup Heist [BBW] $$$ A leading financial services firm in Chicago is looking for a corporate strategy & development associate or VP [DBCC] $$$ Up and Down for Einhorn's Greenlight in December [Alpha] $$$ Do Corporations Have Religious Rights? [Law Blog] $$$ You Disgust Me, Christie Tells Boehner in Storm Over Aid [CNBC] $$$ “If somebody had told me I was going to be a high school math teacher in Dallas, Texas, when I entered college, I’d be like, ‘No, there’s no chance of that being true,’ ” said Mr. Dearing, who has deferred an offer from McKinsey. The teaching skills easily translate to office environments, he said. “I’m effectively the leader, every day, for 46 minutes, in front of seven different groups,” Mr. Dearing said. [DealBook]

Platinum Partners to shut main hedge fund; Andrew W.W. Caspersen his with new charges; 11-foot alligator found in Florida drainage system; and more.

Greece says it will default in June if people don't get their asses in gear; Can you sue your boss for sending late night work emails?; "For $300, You Can Drink Gin Made From The Bodies Of Foraged Ants"; Leon Black loves Carl Icahn; Feces ruin PA Sweet 16; and more.

ECB's got your stimulus right here; The corporate retreat is back; Looks to the jobs report; "Texas State student rides her Barbie Jeep around campus after DWI arrest"; and more.

Economists millennial-on-millennial warfare; Marissa Mayer’s enemies are plotting against her; 766 pounds of pot found hidden in broccoli shipment; and more.

"Buddhist Monk in Thailand Relies on Karma for Lending Success"; IMF says financial sector is too big; Moody's cuts Canada's Growth forecast; "Teen Can Touch Her 4-Inch Tongue To Her Eyeball"; and more.

US wins Libor-rigging case; Lynn Tilton sues MBIA; Lockhart sees rate liftoff soon; "Austrian 85-year-old cuts almost a million euros ($1.1 million) into tiny pieces in an apparent attempt to spite her heirs"; and more.