Write-Offs: 06.08.12

$$$ Europe Considers a Spanish Bank Rescue [Bloomberg]

$$$ S&P says U.S. to avoid “fiscal cliff”, risks remain [Reuters]

$$$ “The fact is that if UBS ended up losing anywhere close to $350 million on Facebook stock, it has no business being in the equity capital markets at all.” [Felix Salmon]

$$$ Groupon is Now Giving Groupons … for Groupon [NYO]

$$$ Who cheats more, bankers or politicians? Disappointingly, bankers, according to a survey conducted in bars [Wonkblog]

$$$ John Carney takes the pulse of Wall Streeters “waiting for a fourth martini at a once-fashionable midtown bar,” “at a tavern along a cobble-stoned street in the financial district,” “[a]t Stone Rose in the Time Warner center” and “having a drink with a colleague at Emmett O’Lunney’s” [NetNet]

$$$ Are you a credit risk specialist? Any interest in analyzing credit risk for the National Rural Utilities Cooperative Finance Corporation in Dulles, VA? [DBCC]

$$$ Citi Won’t Request Stock Buyback This Year [WSJ]

$$$ Gupta ‘Highly Likely’ to Take the Stand, Lawyer Says [WSJ Law Blog]

$$$ After reading a passage about the prospect of Goldman buying a bank, Mr. Naftalis asked the chief executive if he had read the portion correctly. “Yes,” replied a smiling Mr. Blankfein, who glanced from the jury to the judge. “You read it well.” Judge Jed Rakoff, prone to making jokes during trial himself, belted out a laugh, and the courtroom followed. [DealBook]

$$$ This year’s Nathan’s Hot Dog Eating Contest is expected to be even more heated than usual now that ESPN, which televises the July 4 competition, has pushed the start time later to accommodate the sports network’s first-ever coverage of Wimbledon. … Major League Eating president George Shea said he expects the later 3 p.m. start time to also drive up ratings for the glutton-fest, which attracted 1.9 million live viewers last year. But he admits the mid-afternoon heat “should make it much more difficult” for the dog devourers to break Joey Chestnut’s 2009 world record of 68 hot dogs and buns in 10 minutes. “Heat causes the buns to crisp up more and the dogs to expand, making a run at the record nearly impossible,” said professional eater and perennial Nathan’s contestant Jason “Crazy Legs” Conti. [NYP]

$$$ Vampire High Priest Loses Religious Civil Rights Case [ATL]

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Comments (4)

  1. Posted by guest | June 8, 2012 at 6:39 PM

    You come to a fork on the road. One road takes you to where people always lie, the other to where people always tell the truth. There is a guy standing at the fork, and you don't know which one he's from, so you ask him, and he will inevitably point to the city of truth-tellers.

    The survey proves that bankers are more honest than politicians and likely cheat less.

  2. Posted by Banana hammock | June 8, 2012 at 6:48 PM

    “Oh my God. Are you going to write about investment bankers complaining about not having enough fun while they are sunning themselves in the Hamptons?” she asked. “That’s going to do our image a load of good.”

    Shh. It's better journalism when we pretend we don't "get" it.

  3. Posted by guest | June 8, 2012 at 7:05 PM

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    -Groupon VP of Marketing

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