$$$ Stocks Near New Heights as Small Investors Regain Faith [NYT]
$$$ J.P. Morgan Risk Officer Taking Leave of Absence [WSJ]
$$$ Soros Says Hedge Funds Can’t Beat Market Because of Fees [Bloomberg]
$$$ UBS Chairman proposes industry-wide settlement over Libor [Reuters]
$$$ “One explanation for the confusion is that many things that are considered normal in finance look like fraud to almost everyone else.” [Free Exchange]
$$$ Outcry Over Bid to Make Water Cheaper Than Beer [WSJ]
$$$ An investment management firm is looking for a senior investment associate to research credit hedge funds in D.C. [DBCC]
$$$ Europe’s Banks Rush to Repay ECB Funds [WSJ]
$$$ U.S. Court Ruling Threatens Consumer Bureau Decisions [Bloomberg]
$$$ Italy’s Monte Paschi faces shareholder fury as scandal widens [Reuters]
$$$ You may be surprised to learn that “the president and chairman of Mortgage Xpress, Inc. (subsequently renamed The Alternative Energy Technology Center, Inc.)” was sued by the SEC [SEC]
$$$ Cory Booker Continues His Steady March Toward Canonization by Personally Saving a Stranded Dog from Freezing to Death [Gawker]
RIP Vayner
Very sad to hear Aleksey Vayner died. RIP.
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sad to hear Aleksey Vayner died. RIP.