* Compensation: Top banker pay falls 10%
* 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