Pre-Marketing: Instagram's truth filter

* Nicholas Kristof: Do we have the courage to stop this?

* SAC noose tightens: Cohen consulted on key trade

* Nick Bilton: Did Instagram founder lie under oath?

* Morning Call: U.S. futures point higher, European shares fall and the Nikkei climbs.

* Katie Fehrenbacher: Peter Thiel funds... tornado power

* Thanks Fed: Leverage levels climb on buyout deals

* Can you lose on purpose? Distinguishing skill from luck

* Not a joke (sadly): Video of AIG exec rapping about the bailout

* Best year-end list: 26 moments that restored our faith in humanity

* Get Term Sheet: Sign up for our daily email on deals & deal-makers

* From the Obvious Dep't: Ex-HP CEO says board shares blame for Autonomy deal

* Luke Timmerman: 2012 is the year that genetic medicine began paying off

* Tweet of the Day: @jonlovett: We need to stop saying 'gun control' and start saying 'massacre prevention.'