Write-Offs: 12.09.11

$$$ New Treaty to Save the Euro May Also Divide Europe [NYT]

$$$ Plausible-sounding explanation of how the UK ended up outside of the new EU deal [Economist]

$$$ “[T]he non-euro members who did go along did so mostly because they hope to join the euro. … This is like supporting the death penalty because you’re hoping to end up on death row.” [Megan McArdle]

$$$ Buffett tips his farmer son as next Berkshire chair [AFP]

$$$ There will be a “low budget remake” of American Psycho [Deadline]

$$$Goldman Said to Plan CDs Tied to Equities,” who called that? [Bloomberg, us]

$$$ True? “When you came to Princeton as wide-eyed freshmen, you probably didn’t dream of working at Goldman Sachs. What happened?” [Daily Princetonian]

$$$ Carl Icahn launched a tender offer for Commercial Metals [Reuters]

$$$ Judge OKs $2.2 Billion Transfer to MF Global Clients [CNBC]

$$$ The most adorable little ratings agency you’ll read about all week [DealBook]

$$$ Completely amazing photos of the Phillie Phanatic in its natural habitat [MLB.com via Deadspin]

$$$ “The 30-year-old trader ended a nine-year stint at Goldman Sachs in October to strike out on his own – this week launching the world’s first custom-fit condoms, TheyFit.” [London Evening Standard]

Click Here
44 comments (hidden to protect delicate sensibilities)
Show all comments ↓

Comments (44)

  1. Posted by The Truth | December 9, 2011 at 6:31 PM

    I knew about the equity backed CDs first!

    – Gartman

  2. Posted by J. Paulson | December 9, 2011 at 8:29 PM

    If you whip me up a CDS to short these CDs, I'm all-the-fuck in.

  3. Posted by Deleveraging | December 10, 2011 at 12:34 AM

    Unlike a traditional structured note, FDIC will not allow return with no downside protection. Keeping that in mind, go see what kinda upside the guys on the derivatives desk can get you in four years while creating a nice vig for the house. You need some really volatile stocks for that to work and enough moron customers who will not bitch that their CD is marked to market and will be under water until maturity.

  4. Posted by Guest | December 12, 2011 at 10:44 AM

    The Bloomberg story on CDs and the Dealbreaker post on CDOs are completely unrelated except that they both have the letters C and D in the title. They're basically opposites really. The CDs are nominally fixed-income investments designed to give investors exposure to equities. The CDO post was about using equities to generate a reliable fixed-income-like return. Who wrote this post? It's embarrassingly clueless.

  5. Posted by Priest | December 13, 2011 at 4:46 AM

    Your postnig really straightened me out. Thanks!

  6. Posted by cvxlzmwjwt | December 13, 2011 at 1:54 PM

    cha9G1 fnmavqooenou

  7. Posted by qpbwup | December 15, 2011 at 4:49 AM

    E0aq1V lziqumzonthj

  8. Posted by bookmarking submission | September 9, 2012 at 8:18 PM

    QtlA3E Im obliged for the blog post.Really looking forward to read more. Great.

  9. Posted by sorular | September 11, 2012 at 4:13 PM

    Thank you ever so for you blog.Much thanks again. Great.

  10. Posted by DUI Lawyer in Bloomfield Hills | September 12, 2012 at 7:23 AM

    Awesome post. Awesome.

  11. Posted by stoffwechseldiaet | September 12, 2012 at 8:56 AM

    Major thankies for the blog.Thanks Again.

  12. Posted by ExtremeNO | September 12, 2012 at 12:04 PM

    I truly appreciate this blog article.Thanks Again. Really Cool.

  13. Posted by mdansby reviews | September 12, 2012 at 2:22 PM

    Great article post.Thanks Again. Really Great.

  14. Posted by oil change | September 12, 2012 at 5:17 PM

    A big thank you for your blog post.Really looking forward to read more. Really Great.

  15. Posted by la imprenta online | September 13, 2012 at 3:14 AM

    This is one awesome blog.Really thank you! Great.

  16. Posted by Derek Jeter Dreven | September 13, 2012 at 6:22 AM

    I cannot thank you enough for the blog post. Want more.

  17. Posted by lose weight | September 13, 2012 at 9:11 AM

    Thanks for sharing, this is a fantastic article post.Much thanks again. Will read on…

  18. Posted by All Together Shop | September 14, 2012 at 10:18 AM

    Im thankful for the article post.

  19. Posted by Fans & Followers for your social media campaign! | September 14, 2012 at 12:13 PM

    Looking forward to reading more. Great article post.Really thank you! Cool.

  20. Posted by corporate entertainment | September 14, 2012 at 2:56 PM

    Im grateful for the article post. Great.

  21. Posted by diamants | September 14, 2012 at 5:24 PM

    I really love this post I will visit again to read your post in a very short time and I hope you will make more posts like this.

  22. Posted by lockouts | September 16, 2012 at 7:17 AM

    I am so grateful for your article.Thanks Again.

  23. Posted by Inflatable slide rental | September 17, 2012 at 10:25 AM

    I really liked your blog.Really looking forward to read more.

  24. Posted by deck awnings | September 18, 2012 at 11:12 PM

    Thanks a lot for the article post.Really looking forward to read more. Much obliged.

  25. Posted by cheratussin ac | September 19, 2012 at 5:51 AM

    Great article.Thanks Again. Really Great.

  26. Posted by website payments | September 19, 2012 at 9:31 AM

    A round of applause for your blog.Really looking forward to read more.

  27. Posted by basic math | September 19, 2012 at 10:22 AM

    Really informative article post. Will read on…

  28. Posted by Mobile Media Millions | September 20, 2012 at 2:28 PM

    Thanks so much for the blog post.Really looking forward to read more. Want more.

  29. Posted by shake table | September 21, 2012 at 6:46 AM

    I truly appreciate this article post.Thanks Again. Much obliged.

  30. Posted by home business | September 21, 2012 at 2:01 PM

    Fantastic article post. Really Cool.

  31. Posted by Private Registration | September 21, 2012 at 3:49 PM

    Thank you ever so for you blog. Really Great.

  32. Posted by a good multivitamin for men | September 22, 2012 at 6:16 AM

    Im grateful for the article post.Much thanks again. Really Great.

  33. Posted by competition | September 22, 2012 at 9:23 AM

    Thanks a lot for the article.Thanks Again. Fantastic.

  34. Posted by lose belly fat | September 23, 2012 at 2:31 AM

    I really enjoy the post.Really thank you! Awesome.

  35. Posted by healthy recipes | September 23, 2012 at 4:22 AM

    I appreciate you sharing this blog.Much thanks again. Really Great.

  36. Posted by aftermarket bmw wheels | September 23, 2012 at 8:06 AM

    Awesome article post.Much thanks again. Will read on…

  37. Posted by green mattress | September 25, 2012 at 9:09 AM

    Great, thanks for sharing this post.Really looking forward to read more. Awesome.

  38. Posted by blog | September 25, 2012 at 1:07 PM

    Very neat blog. Really Cool.

  39. Posted by Quality Auto Detailing Wichita Kansas | September 25, 2012 at 6:45 PM

    Muchos Gracias for your article.Much thanks again. Much obliged.

  40. Posted by hypnosis sleep | September 25, 2012 at 11:24 PM

    Major thanks for the blog article. Keep writing.

  41. Posted by buy instagram followers | September 26, 2012 at 5:16 AM

    Appreciate you sharing, great article.Much thanks again. Keep writing.

  42. Posted by christmas tree shop | September 26, 2012 at 7:11 AM

    This is one awesome post.Really looking forward to read more. Want more.

  43. Posted by buyyourvan | September 26, 2012 at 11:38 AM

    Enjoyed every bit of your blog article. Keep writing.

  44. Posted by Peter Francis-Macrae | September 26, 2012 at 10:20 PM

    I truly appreciate this blog article. Will read on…