Here are seven (or so) links at 7AM Eastern.  We will see you later with the daily linkfest.  Good luck out there.

Money markets

What is pushing up US repo rates?  (FT Alphaville)

Why are money market mutual fund managers so resistant to reform?  (Dealbook)

The definition of Libor is surprisingly fluid.  (Dealbreaker)

Muni bonds

Municipal bankruptcies are back on the table with the news that Stockton, California is on the verge of bankruptcy.  (Total Return, Reuters)

The muni market is beset with a wave of bond refundings.  (Bond Buyer via @munilass)

Facebook fallout

While the IPO window was closed, post-Facebook ($FB), the pipeline filled up.  (Pando Daily)

Has Facebook ruined Silicon Valley?  (GigaOM)

The case for optimism

What the persistent gap between what we think about our prospects vs. others tells us about the economy.  (A Dash of Insight)

There are few signs of recession and equities are cheap. (macrofugue)

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