$$$ Barclays hands out pay rises to investment bankers (some of 150%) [The Guardian]
$$$Goldman Sachs Responds to The New York Times on Synthetic Collateralized Debt Obligations [GS]
$$$ A bunch of former Bear Stearns employees got drunk together in midtown. [Bloomberg]
$$$That's it for us. We hope everyone has a great vacation, celebrating the birth of Christ, or whatever you happen to be doing. Very abbreviated scheduled next week, with exceptions made for Bernie dying or sex tapes of a much-loved hedge fund manager surfacing.
[FYI, while the above is probably my second favorite Christmas movie, it is not my number one, The Ref, of which, sacrilegiously, there is a dearth of clips on the internet. Anyway, I hope your day is filled with sex and drugs and women being set on fire, and feel free to open presents before midnight tonight, because we're adults and we can open presents WHENEVER WE WANT!]