Some early signs of the focus of SoftBank’s “hugely ambitious” $100 billion investment fund are beginning to emerge, and at first blush, it appears a majority of the cash will land in private and public markets rather than with start-ups – NYTimes

The Journal introduces us to PACE loans—a “booming corner of the lending industry” designed to “encourage homeowners to buy energy-efficient solar panels, window insulation and air-conditioning units.” The PACE program, which topped $3.4 billion in 2016, bears uncanny similarities to subprime lending, and they could threaten homeowners’ ability to stay in homes when they come due.  Oh yeah, and they’re being securitized like crazy – WSJ

Demographics, of all things, could pose the biggest challenge to the US economy in the coming years – Bloomberg

VW is reportedly close to a deal with US officials in which it would pay $4.3 billion in fines and plead guilty to criminal charges for its vehicle emissions cheating scandal – NYTimes and Bloomberg

Breakingviews on Valeant’s good idea gone bad – NYTimes

The DOJ has charged three more former foreign currency traders [from the infamous “Cartel” chatroom] over Forex rate rigging – Law360 and Bloomberg

Some details on Wells Fargo’s post-scandal compensation plan for retail-bank employees.  Step 1—no sales goals – Bloomberg

Coming soon to LA: the $1.5 billion Lucas Museum of Narrative Art [that no one really wants] – Bloomberg