* Tom Robbins keeps digging into how NYC Comptroller Bill Thompson talks the talk on placement agents, but doesn’t walk the walk.
* Candover’s chairman says he’s sorry.
* NY Post reports that Clear Channel is in early talks to restructure its debt, and the term “prepackaged bankruptcy” has been broached.
* Morning Call: U.S. futures are mixed, London inches lower, European shares flat as oil and banks cancel each other out, the Nikkei hits a two-week closing low and Hong Kong falls three percent.
* Dan Mitchell: Defending Cheerios, Cereal of Liberty.
* The Hank Morris-Bear Stearns connection.
* Healthcare banker Jon Symonds is leaving Goldman Sachs for Novartis. Does that mean his grand plans for PE-backed pharma R&D have fizzled?
* Peter Coy: Why the bankruptcy process no longer works.
* MG Siegler: Twitter’s spectacularly awful 24 hours.
* How to set up an offshore tax haven in Panama. So easy, even an intern can do it: