$$$ Germany, Netherlands Rating Outlooks Cut To Negative By Moody’s [Bloomberg] $$$ Congress Presses New York Fed for More Details on Rate-Rigging Scandal [DealBook] $$$ China bids $15bn for Canada’s Nexen [FT] $$$ John Paulson Said To See 50% Chance That Euro Will Fail $$$ Bane's Plan to Bankrupt Batman Doesn't Make Any Sense [The Atlantic] $$$ A top bank is looking for a consumer/food sector M&A vice president or senior associate [DBCC] $$$ Citigroup Chairman O'Neill Takes Hands-On Approach [WSJ] $$$ An Ackman Protégé Plans to Strike Out on His Own [DealBook] $$$ Apple is a champion of planned obsolescence [Reuters] $$$ Snoop Dogg to Release Reggae Album as Snoop Lion [Gawker]

$$$ How Morgan Stanley sank to junk status [Reuters] $$$ 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

Big hedge funds screwed by Valeant; Jack Ma says chill on China; IMF's Lagarde says be afraid; "Cops: "Irate" Suspect Kicked Other Woman In Face After Victim Farted Near Her"; and more.

PIMCO no longer biggest bond fund; IMF playing hardball with Greece aid; Miami wants to be the next Silicon Valley; "North Carolina dog blamed for crashing pickup into pool"; 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.

$$$ LIBOR Pains: How Much Will the LIBOR Scandal Cost US Banks? $35 Billion [MarketPlace/Heidi Moore] $$$ Matthew Goldstein: JPMorgan disclosed possible misconduct to feds ahead of earnings [Reuters] $$$ PFG Founder Has No Money For Attorney [CNBC] $$$ Bernanke Offers Bleak View in Testimony [WSJ] $$$ Plane Flying Above Penn State Warns: “Take Down The Statue Or We Will” [Deadspin] $$$ Gupta Seeks Help From Friends for Lenient Sentence [FBN/Charlie Gasparino] $$$ HSBC Executive Resigns at Senate Money Laundering Hearing [Bloomberg] $$$ Teens Having Sex Behind Ikea, Locals Say [DNAI]

Biotech company vs its founder; Petco IPO; CFO pay; Citi probe; "Pissed-Off Man Dumps Urine On Teen's Head, Police Say"; 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.