Write-Offs: 11.21.12

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$$$ UBS’s Orcel Says Investment Bank Revamp Will Take Up to 5 Years [Bloomberg]

$$$ Brevan Howard on Hiring Spree Makes Comeback in New York [Bloomberg]

$$$ How Jim Chanos Spotted the HP Scandal [John Carney / NetNet]

$$$ Olam Sues Muddy Waters’ Block After Accounting Questions; “Muddy Waters doesn’t yet have a copy of the complaint, Zach Kouwe, an external spokesman, said by phone today.” [Bloomberg]

$$$ The surprising correlation between a turkey and a short-gamma trader [Peter Brandt]

$$$ Fox News Pundit Finds the Silver Lining of Having Almost No Money for Food [DI]

$$$ That’s it for us today. Happy Thanksgiving. We hope you all have a great holiday. There will be brief posting/moral support for those working on Friday, and we’ll see the rest of you back here on Monday

$$$ A New York hedge fund is looking for an experienced quantitative strategist to join their equities team [DBCC]

$$$ Senator Warner says deficit talks to be different this time [Reuters]

$$$ American Banks Actually Are Lending Again — to Europe [NetNet]

$$$ “[CNBC's] audience does not consists mainly of the very rich; rather, it’s the 1 percent wannabees, who imagine that watching many hours of talking heads will somehow let them absorb the secrets of getting rich.” [Paul Krugman]

$$$ “Fehr and colleagues found that, in one-shot encounters where employment contracts were struck, 51% of principals exploited agents. ‘The Marxian idea that power can be used for exploitation is real’ they conclude.” [Stumbling and Mumbling]

$$$ A Very Dramatic Reading of Francisco Dao’s Tale of Startup Failure [The Awl]

$$$ The co-writer of The Empire Strikes Back will write one of the new Star Wars movies [Hollywood Reporter]

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Comments (9)

  1. 1
    Posted by DingALing | November 21, 2012 at 3:54 PM

    What about international equities guys working tomorrow? No love from Bess? Bad enough I won't get Turkey

  2. 2
    Posted by Guest | November 21, 2012 at 4:24 PM

    Use this as motivation to get a better fucking job.

    - M&A analyst with similar feelings of abandonment tomorrow.

  3. 3
    Posted by Guest | November 21, 2012 at 4:32 PM

    Porn doesn't pay as much as it used to you know…

  4. 4
    Posted by Guest | November 21, 2012 at 4:50 PM

    You need the DB Platinum Pass. DB 24/7, 365 days/year.

  5. 5
    Posted by Guest | November 21, 2012 at 5:36 PM

    Unfortunately 2012 is a leap year, and we've chosen Thanksgiving as the day off.
    Because fuck you, that's why.

  6. 6
    Posted by Wow | November 21, 2012 at 5:37 PM

    Zach Kouvanus works for Block now? That is an upgrade from his last gig. Is that the same guy everyone made fun of before here?

  7. 7
    Posted by Guest | November 21, 2012 at 5:40 PM

    "Zach Kouvanus works for Block now?"

    He works for a PR firm that Block is a client of.

    "Is that the same guy everyone made fun of before here?"

    Yes.

  8. 8
    Posted by Guest | November 23, 2012 at 8:53 AM

    Re: Marx, it's good to know that corporations are capable of exploiting workers – who would have thought? Thank goodness for self-appointed Marxist leaders who would never use their position of power to exploit the workers they represent!

  9. 9
    Posted by RBC | November 23, 2012 at 10:19 AM

    Fucking slow today… Market is just not the same w/o all those UBS traders…