* Bethany McLean: Why subprime regulators hunt small game

* Ron Burgundy of Greenwich? Will Ferrell signs on to play a hedge fund manager

* Morning Call: U.S. futures point higher, London rises on job-cutting Lloyds and the Nikkei climbs.

* Buttonwood: Is all the bad news priced in?

* Martin Wolf: Why austerity alone risks a disaster

* Twitter’s future: What happens when tech founders leave

* Tracy Alloway: Does prejudice hinder economic growth?

* Scott Austin: Who’s in the VC-backed $1 billion+ valuation club

* Peter Lattman: Why was Rajat Gupta’s trial just delayed for 6 months?

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* S&P to GOP:  We will slash U.S. credit rating if August 4 debt payment is missed

* Stewart Lyman: This drug didn’t work for me. Can I please have my $88,000 back?

* How they got started: The rise of Panera Bread (which needs to bring back sun dried tomato cream cheese)

* Tweet of the Day: @fromedome: At that price, Murdoch should have just given MySpace to NASA and turned it into an astronomy site.