Write-Offs: 04.23.12

$$$ Half of new graduates are jobless or underemployed [AP]

$$$ Great Wolf Shows Shortcomings of Banker Valuation Opinions [Dealpolitik]

$$$ What is sillier: measuring derivatives exposure by gross notional, or measuring dollar amounts by how high they would stack? [Demonocracy via TBP]

$$$ “‘Wobbit’ is the first parody of a Tolkien book to use bankers as the main protagonists and antagonists, coming courtesy of a laid-off banker.” [Reuters]

$$$ Fanta Pants toque Mario Batali found his beloved scooter smashed last week after leaving the ABC studio where he shoots “The Chew.” Spies told us that Batali left the studio to find his parked Vespa GT 250 wrecked. “It was parked on the street,” said a source. “Someone bumped into it and damaged the scooter near Lincoln Center, where he tapes the cooking show.” The source added, “Mario didn’t look at all pleased, [and] cops were called to file a police report . . . perhaps a person working for one of his restaurants got him back for skimming those bar tips.” [Page Six]

$$$ A rapidly growing Philadelphia-based alternative asset management firm is seeking an associate [DBCC]

$$$ CEO’s sales of well stakes raise questions at Chesapeake [Reuters]

$$$ Backlash against eurozone austerity [FT]

$$$ Don’t forget MF Global’s bondholders [Bloomberg / William Cohan]

$$$ Do not name an investment company “Do Not Participate, Inc.” [ATL]

$$$ MIT Completes the “Holy Grail of Hacks,” Turning the Green Building into a Game of Tetris [BostInno]

$$$ Was Seal Caught Jerking Off On Last Night’s Episode of Australia’s The Voice? [Gawker]

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2 Responses to “Write-Offs: 04.23.12”

  1. VonSloneker says:

    Well…we use gross notional to measure derivatives exposure. If memory serves, that was just about right in 08.

    – AIG Risk Management Quant

  2. yi3Lgp Great blog article.Much thanks again. Really Cool.