JPM warns on economy; Fed predicted to raise 3x in 2016; Backstreet Boy Nick Carter busted in Florida bar fight; and more.

Goldman probed in alleged Treasury rig; Valeant CEO will step down; Florida woman fights to keep potty-trained pet alligator; and more.

Ackman says "material progress" has been made at Valeant; Rubenstein surprised macro hedge funds failed to spectacularly; Key West police rescue woman from giant banyan tree; and more.

$$$ Behind Credit Default Swaps Market, a Cartel Left Open to Collusion [Dealbook] $$$ Jim Chanos: Hewlett Packard Is 'Ultimate Value Trap' [CNBC] $$$ Ackman Takes Activist Stance on P&G [CNBC] $$$ Goldman CEO Blankfein Said To Meet With Obama Adviser Lew [Bloomberg] $$$ Racketeering Charges Filed in Hedge Fund Divorce [NYO] $$$ Banker Tattoos [BuzzFeed] $$$ ...every so often, Ackman and his wife whirl through their Rolodexes and invite their unattached friends to come on over to their place and spend a few hours meeting other singles. In this day and age of internet dating, the Ackmans like to give that stressful process a personal touch. And last night was one of those nights when the man who runs $10 billion Pershing Square Capital Management and his wife Karen, who trained as a landscape architect, threw open the doors and hoped for the best. While no officials statistics have been kept, people who have attended the events say plenty of people have found their mates here. At this week’s event? Roughly 200 people attended, according to someone who was there. [Reuters, earlier] $$$ "Dozens of traffic signs have been destroyed by prostitutes performing pole-dances in the street to attract clients, officials in New Zealand's biggest city have revealed." [Telegraph] $$$ Charlie Gasparino: U.S. Insider Trading Investigation Winding Down (Maybe) [FBN] $$$ Ex-JPMorgan Banker Admits Role in Muni Bid-Rigging Scheme [Reuters] $$$ Paulson, Rubin Warn on Dangers of 'Fiscal Cliff' [CNBC] $$$ WWII Shipwreck Yields $38 Million of Silver From Atlantic [Bloomberg] $$$ High school kid accused of running in a potential $3 million marijuana ring. [CP]

$$$ Fed Minutes Suggest Action Likely [WSJ] $$$ Ainslie Up 20% As Stock Hedge Funds Defy Four-Year Slump $$$ Best Buy shareholders caught in the crossfire [Term Sheet] $$$ FTC Clears Facebook’s Instagram Purchase [Deal Journal] $$$ "Bain is a financial firm, but Romney wasn’t some Wall Street bank-monkey with a pitch book. He was the guy who fired you." [National Review] [!!] $$$ Wharton-Bound Goat Trainer Failed To Get Her Pet Goat To Perform On National Television [IvyGate] $$$ A middle market private equity firm is looking for a senior associate in South Florida [DBCC] $$$ Bernanke ‘More Popular Than Justin Bieber’? [CNBC] $$$ Broken Brokerages: Finance Luminaries Join Fight Over Uniform Fiduciary Standard [NYO] $$$ Chinese acquisitions in US near record [FT] $$$ Obama Says First Dog Bo Is on a Diet [DI] $$$ Man Convicted of Assault for Punching McDonald’s Employee After Sundae Arrived with Hot Fudge on the Bottom [Gawker]

Fed accidentally releases confidential info; Square to go public; Funds holding gold net-short position; "An Ohio woman whose house was damaged by a fire said she believes her 'cousin' set the fire intentionally because 'he can't get with' her"; and more.

Loeb losses; Chipotle subpoena; JPM beats Madoff; "Utah resident defends his dating website for only white people"; and more.

Flash crasher to appeal terms of bail; Former Deutsche Bank trader Greg Lippmann gets the Ryan Gosling treatment; Standard General pays $26.2 million for RadioShack name; Florida woman robs 3 banks in 30 minutes; and more.