Write-Offs: 11.13.12

$$$ Divisions overshadow Europe’s plan to control banks [Reuters]

$$$ Bank of New York Mellon Unit to Pay $210 Million in Madoff Settlement [WSJ]

$$$ Apollo Aims to Raise $12 Billion for Buyouts [Deal Journal]

$$$ “Wall Street firms like Goldman typically describe their people as ‘human capital.’ But in many ways, the senior ranks below the upper management are more like ‘human debt.’ Only the most senior folks are actual capital. The ranks below them are the leverage, who provide greater returns to the equity in better times, but drain income when revenues are low.” [NetNet / John Carney]

$$$ Denver TV station shows cover of Paula Broadwell book with the title “All Up In My Snatch” [Romenesko]

$$$ Fortress Partners Fund is looking for a fund accountant in New York [DBCC]

$$$ Banks attack Fed plans on Basel III rules [FT]

$$$ There’s a Facebook lockup expiration tomorrow [CNN]

$$$ Connecticut Man Continued to Make Food Deliveries After Stealing Delivery Driver’s Car [Gawker]

$$$ Joe Biden Was on Carmen Sandiego in 1993 for Some Reason [DI]

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Comments (4)

  1. Posted by Dr. Zhivago | November 13, 2012 at 6:49 PM

    John Carney either needs to get back on his meds, or quit talking them. Whichever one he's currently not doing.

  2. Posted by Guest | November 13, 2012 at 8:07 PM

    i'll take those meds….

    -aspiring chinese food delivery driver, CT

  3. Posted by DingALing | November 14, 2012 at 9:13 AM

    Europe doesn't trust Germany's plans? Shocking

  4. Posted by Anonymous | November 14, 2012 at 3:34 PM

    debt is a form of capital