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Write-Offs: 06.10.09

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$$$ "A memo [prepared by the staffers for Republican lawmakers] said that Richmond Fed President Jeffrey Lacker wrote in a Dec. 20 e-mail that Bernanke intended to "make it even more clear that if they play that card and they need assistance, management is gone," referring to a threat by Bank of America to break off its deal with Merrill.
That was a "gun placed to the head of Bank of America to go through with the merger," the Republican memo said." [Bloomberg]
$$$Girlfight at Citigroup [Cityfile]
$$$Hedge Fund AdultVest Unveils Free Porn Service [FINalternatives]
$$$ Happy 50th Birthday, Eliot Spitzer! Hooks are on us.