Write-Offs: 01.13.12

$$$ Greece’s Creditors Break Off Debt Talks Amid Coupon Dispute [Bloomberg]

$$$ Ratings Cut Deals Blow to Sarkozy [WSJ]

$$$ S&P will probably downgrade EFSF bonds, what does this tell you about structuring an EFSF CDO? [MarketBeat via Felix Salmon]

$$$ “We just might do a good thing for America, and along the way get a great return on investment,” says the letter to prospective investors [from Phil Angelides, who ran the Financial Crisis Inquiry Commission]. “If our hopes do not pan out, the amount wagered should be a deductible loss.” In the letter, the mortgage company refers to its political connections as its “secret formula.” [Reuters]

$$$ Bacon will probably kill you [CBS]

$$$ Things are going great for Jeff Gundlach, thanks for asking [BI]

$$$ Ken Griffin is also feeling pretty good [DealBook]

$$$ When quants get bored [arXiv via Paul Kedrosky]

$$$ Credit Score Zealots Pursue Fool’s Errand for Numbers Over 800 [Bloomberg]

$$$ More than you ever wanted to know about the bathrooms at Bloomberg, and even more [Gawker]

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Comments (6)

  1. Posted by VonSloneker | January 14, 2012 at 12:52 AM

    Bacon kills? Pshh…next you'll be telling me Hot Pockets are lethal too.

    -Jim Gaffigan

  2. Posted by Got Ya Covered | January 16, 2012 at 9:41 AM

    Bacon kills? The poet or the actor?

    -AIG Trader Who'll Kill It When the Market Opens on Monday

  3. Posted by DingaLing | January 16, 2012 at 1:28 PM

    "How the hell are we supposed to run a socialist system with no money? Tell me that Merkel!"

    -Greek PM

  4. Posted by m. hunt | January 16, 2012 at 5:16 PM

    Bacon kills?

    So does solidified water, apparently.

    – Robert Atkins

  5. Posted by Guest | January 16, 2012 at 5:27 PM

    Bacon's bad for the pig too.

  6. Posted by trojan_ | January 16, 2012 at 8:23 PM

    Quick, somebody tell Lisa.