$$$ ICE Said to Be in Talks to Merge With NYSE Euronext [DealBook] $$$ Report Says Libor-Tied Losses at Fannie, Freddie May Top $3 Billion [WSJ] $$$ Treasury to Sell G.M. Stake Within 15 Months [DealBook] $$$ All your bank frauds in one place [Counterparties] $$$ Ben Affleck may be running for Senate in Massachusetts [Politico via DI] $$$ A major energy trading firm is looking for two quantitative developers to join its data driven trading team [DBCC] $$$ "Bank of America Corp. has amassed $64 billion of mortgages that are at least six months delinquent and have yet to enter foreclosure, more than twice the amount held by its four largest competitors combined." [Bloomberg] $$$ Money Funds Brace for Flood [WSJ] $$$ Greece faces ‘make or break’ year [FT] $$$ Holiday videos from First Round Capital and FT Alphaville [Pando Daily, FTAV]

$$$ David Einhorn is at the final table of the $1mm buy-in no-limit hold-em event at the World Series of Poker [ESPN] $$$ Police search Sarkozy home and offices [FT] $$$ JPMorgan’s Role in Power Market Comes Under Scrutiny [DealBook] $$$ Fink Says Diamond ‘Emotion’ May Have Aggravated Regulator [Bloomberg] $$$ The culture of CEO-punching runs deep at BarcLeh [NetNet / John Carney] $$$ That’s it for us today. Enjoy the 4th and we'll see you on Thursday. $$$ A $10 billion NY-based asset manager is looking for an ADR arbitrage trader - interested? [DBCC] $$$ Welcome back Ireland! [FTAV] $$$ SEC Loses Bid to Get SIPC to Pay Stanford Ponzi Claims [WSJ] $$$ In Maine, lobster that is cheaper than bologna [MSNBC] $$$ Tom Cruise prevented a Dawson's Creek reunion [NYP]

$$$ The ECB's unlimited bond buying may be limited to already outstanding bonds [FTAV] $$$ Fed Officials Weigh In On Central Bank's Action [WSJ] $$$ Fannie Mae Pays Banks $1.5 Billion So It Can Fire Them [HuffPo] $$$ Terrorists may or may not have slowed down Bank of America's website [Reuters] $$$ Pimco’s QE3 Distaste Grows as Peso Bond Bet Fades: Mexico Credit [Bloomberg] $$$ Fake Bloomberg Headlines [Twitter] $$$ TIAA-CREF is looking for a manager for asset allocation and investments in New York [DBCC] $$$ Court allows Greenberg suit to proceed over AIG bailout [Reuters] $$$ Lehman Sues J.P. Morgan Over Derivatives Claims [WSJ] $$$ The new mortgage-backed security in a renter's world [Fortune] $$$ Alibaba Completes $7.6 Billion Repurchase of Yahoo Stake [Bloomberg] $$$ Is This Guy A Member Of Maroon 5? [BF]

$$$ Schaeuble Declares Markets Wrong As Europe Heads To Vacation [Bloomberg] $$$ 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]

$$$ Euro zone grants multi-billion euro lifeline for Greece [Reuters] $$$ Alcoa Earnings Beat Estimates as Car Sales Boost Aluminum Demand [Bloomberg] $$$ Buffett Gives $2 Billion to Gates Foundation [DealBook] $$$ Jefferies Must Pay Fired Trader $1.86 Million, Court Says [Bloomberg, earlier] $$$ Indonesian men rescued after spending five days trapped in trees by Sumatran tigers [NYDN] $$$ Consider attending a breakfast briefing with Lynn Tilton tomorrow morning [Bryant Park] $$$ Pondering a Drought in Merger Deals [DealBook] $$$ What's behind Perry Capital's Fannie and Freddie gambit? [Fortune] $$$ CME chief defends clearing houses’ growing role [FT] $$$ The ‘Shiti Bike’ Sticker Campaign Is Upon Us [DI] $$$ There Is a Giant Inflatable Mr. Darcy Floating in London’s Hyde Park [HowAboutWe]

Shkreli witnesses worried about retaliation; Fannie Mae might need a bailout; IPO market dries up; French Restaurant Bans Bankers For Denying Owner Loan; and more.

$$$ Spain reveals €100bn capital flight [FT] $$$ Spain Says It Has Months to Raise Bank-Bailout Funds [WSJ] $$$ Market Braces for What Could Be Another Weak Jobs Report [CNBC] $$$ Goldman’s Cohn Warns Of Poaching Risks From Further Cuts [Bloomberg] $$$ Larry Fink's hedge-fund-manager son Josh isn't having a great time of it [AR-Alpha] $$$ "T. Boone Pickens, who apparently follows Drake on Twitter, sure isn't [impressed], replying 'The first billion is a helluva lot harder' with a mic-drop retweet." [Gizmodo] $$$ RAND Corporation is looking for a business analyst in Santa Monica [DBCC] $$$ Blankfein Expected to Testify at Gupta Trial [WSJ] $$$ JPMorgan CIO Swaps Pricing Said to Differ From Bank [Bloomberg] $$$ Felix Salmon is in a fight with a startup that has "has the best part of $300,000 in interest-free financing repayable at a time of its choosing in underwear." [Reuters] $$$ "'They signed off on their messages with LOL — laughing out loud,' Police Commissioner Ray Kelly said. 'Well, there was a person who was laughing out loud. That was Police Officer Michael Rodrigues of the 77th Precinct.'" [NYP] $$$ Try "the Douche Burger, a $666 edible fiscal disaster that piles caviar, lobster & truffles on top of a foie-stuffed, gold-leaf-wrapped Kobe patty, smothers it with Gruyere melted with Champagne steam, and finishes it off with BBQ sauce made using Kopi Luwak coffee that's passed through the digestive tract of the Asian Palm Civet, explaining why it 'may not taste good, but will make you feel rich as f*ck.'" [Thrillist via Copyranter]

$$$ Foreclosure Settlement Amounts to Peanuts for Most Borrowers [AB] $$$ FBI probes trading as KPMG quits as Herbalife, Skechers auditor [Reuters] $$$ Big Dell Shareholder Prefers Two Rival Bids [DealBook] $$$ Ackman may be eyeing exit as JC Penney bet in tatters [Reuters] $$$ The leverage story banks want to hide [FT] $$$ DirecTV Adds DogTV Channel to Appeal to Canine Audience [Bloomberg] $$$ Regulators Are Concerned About Municipal-Bond Deals [WSJ] $$$ Activist Investors Find Allies in Mutual, Pension Funds [CNBC] $$$ Pimco's Gross Turns Positive on 10-Year Treasurys [WSJ] $$$ Swap traders’ morning fix under scrutiny [FT] $$$ Former Vice Mayor of Tennessee Town Accused of Terrorizing Dozens of Women with ‘Drive-By Masturbation’ [Gawker]