• 12 Sep 2011 at 6:43 PM

Write-Offs: 09.12.11

$$$ Warren Buffett hired a portfolio manager who spent $5,252,722 to have lunch with him (Fortune)

$$$ Italy turns to China for help in debt crisis (FT)

$$$ Bank of America to Cut $5 Billion in Costs by End-2013 (WSJ)

$$$ Germany Plans for Possible Greek Default (Der Spiegel)

$$$ Market Swings Are Becoming New Standard (NYT)

$$$ Cigarette-smoking orangutan, Shirley, must quit bad habit, officials say (NYDN)

$$$ Pimco’s Gross Increased Credit Risk for Fund’s Worst Run (BW)

$$$ Credit Events And The Lire (ZH / Peter Tchir)

$$$ White House Would Cut Deductions to Pay for Its Jobs Plan (NYT)

$$$ Can Speculative Trading Magnify Financial Market Co-movement? (NY Fed)

$$$ Comparing the Default Numbers on Subprime Mortgages and For-Profit College Loans (Rortybomb)

$$$ Brother of pop icon Jackson had plan to save him from jail. Jermaine: “All that is required is a day’s notice, and this DC8 (jet) will have Michael heading east – to Bahrain – to start a new life away from the scam of American justice.” (AFP, via Gawker)

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