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Write-Offs: 08.03.10

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$$$ Morgan Stanley's FrontPoint Spin-Off And The End Of The Era Of John Mack [CNBC]

$$$Nassim Taleb: "I recently had a lunch conversation with Arianna [Huffington] that was mostly about ethics; so I suddenly felt ashamed of not having publicly denounced what appears to be a blatant generator of moral hazard. As someone who claims to be as independent as one can possibly be, with nothing to lose, and fear of nobody (except my mother's occasional reprimands), I am even more obligated than anyone else to expose hidden scams." [HP]

$$$A Rally Without A Cause [MW]

$$$TPG-Axon, Montrica To Merge [FINalternatives]

$$$Melissa Lee: These Are A Few Of My Favorite Things [CNBC]