Wednesday 7atSeven: investing criteria

Thanks for checking in with us for seven links (give or take) at 7AM Eastern.  Good luck out there.

Take it easy this summer, traders.  (Dynamic Hedge)

On building a competitive advantage in investing.  (Pragmatic Capitalism)

Going overseas makes sense for value investors if they can keep to their investing criteria.  (Contrarian Edge)

Zynga to file for an IPO.  Think of it as a test case for Facebook.  (WSJ, Term Sheet, Dealbook)

Google+:  wll it matter?  (GigaOM, Wired, Daring Fireball)

Why is Bank of America ($BAC) now willing to pay $8.5 billion to settle mortgage securities fraud litigation?  (naked capitalism, WSJ)

Have we entered a new golden age of shadow banking?  (FT)

In praise of sovereign default.  The case of Iceland.  (Daniel Gross)

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