* Matt Taibbi: Smoking guns on credit rating agencies

* Disappearing cash? Snapchat valued at $800 million

* Booz Allen: The world’s most profitable spy organization

* Morning Call: U.S. futures fall, Europe up, Japan down and Shanghai shock.

* Big deal: Vodafone buying Kabel Deutschland for € 7.7 billion

* Ben Smith: You don’t need to care about Edward Snowden

* IMHO: Banks propose own crisis plan to Fed

* John Carney: Why Jeff Skilling is getting out of jail early

* They’re back: Twinkies returning to store shelves next month

* It’s not much, but… Gabriel Gomez talks a bit about private equity

* Get Term Sheet: Sign up for our daily email on deals & dealmakers

* Michael Carney: Inside the mind of an avid Bitcoin investor

* BRIC-bats: Just because it’s an acronym doesn’t mean it’s an investment opportunity