Write-Offs: 07.18.12

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$$$ Behind Credit Default Swaps Market, a Cartel Left Open to Collusion [Dealbook]

$$$ Jim Chanos: Hewlett Packard Is ‘Ultimate Value Trap’ [CNBC]

$$$ Ackman Takes Activist Stance on P&G [CNBC]

$$$ Goldman CEO Blankfein Said To Meet With Obama Adviser Lew [Bloomberg]

$$$ Racketeering Charges Filed in Hedge Fund Divorce [NYO]

$$$ Banker Tattoos [BuzzFeed]

$$$ …every so often, Ackman and his wife whirl through their Rolodexes and invite their unattached friends to come on over to their place and spend a few hours meeting other singles. In this day and age of internet dating, the Ackmans like to give that stressful process a personal touch. And last night was one of those nights when the man who runs $10 billion Pershing Square Capital Management and his wife Karen, who trained as a landscape architect, threw open the doors and hoped for the best. While no officials statistics have been kept, people who have attended the events say plenty of people have found their mates here. At this week’s event? Roughly 200 people attended, according to someone who was there. [Reuters, earlier]

$$$ “Dozens of traffic signs have been destroyed by prostitutes performing pole-dances in the street to attract clients, officials in New Zealand’s biggest city have revealed.” [Telegraph]

$$$ Charlie Gasparino: U.S. Insider Trading Investigation Winding Down (Maybe) [FBN]

$$$ Ex-JPMorgan Banker Admits Role in Muni Bid-Rigging Scheme [Reuters]

$$$ Paulson, Rubin Warn on Dangers of ‘Fiscal Cliff‘ [CNBC]

$$$ WWII Shipwreck Yields $38 Million of Silver From Atlantic [Bloomberg]

$$$ High school kid accused of running in a potential $3 million marijuana ring. [CP]

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Comments (12)

  1. 1
    Posted by Pole Vaulter | July 18, 2012 at 6:32 PM

    Easy solution here, folks. Just replace those slick round street poles with the rusty square green perforated posts we have here in the States. I've like to see someone try to twirl around on that shit. You'd need body armor and a tetanus shot.

  2. 2
    Posted by Guest | July 18, 2012 at 6:44 PM

    Have you ever seen a Kiwi's vagina? Those poles started off square and green…

  3. 3
    Posted by gab | July 18, 2012 at 6:47 PM

    I dont know which is more amazing – that Bill Ackman still uses a Rolodex, or that an Auckland hooker can break a street sign!

  4. 4
    Posted by That Guy | July 18, 2012 at 6:58 PM

    I don't think the heavy stuff's comin' down for a while….

  5. 5
    Posted by Asdf | July 19, 2012 at 12:11 AM

    Typical activist investor. Trying to push folks into mergers that have a low statistical chance of success.

  6. 6
    Posted by Guest | July 19, 2012 at 12:48 AM

    Are you suggesting P&G needs to merge with RIM in order to survive?

  7. 7
    Posted by Thes | July 19, 2012 at 12:18 PM

    "Trained as a landscape architect". That simply HAS to be some sort of euphemism.

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