Write-Offs: 12.29.09

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$$$Hovde Capital Advisors: "We Believe Pershing Square Is Out Of Touch." [PDF]
$$$ Citi: The Bank That Couldn't Shoot Straight [MarketWatch]
$$$ Equity's Lost Decade: The Offering [Hedge World]
$$$Investors Reshape IndyMac [WSJ]
$$$ Delayed gratification is overrated: avoid the temptation to postpone pleasure. JO&C right now! [NYT]
$$$Vote for the best Post cover of the decade. I like "Holy Shiite." [NYP]

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