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Write-Offs: 12.07.10

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$$$Allen Stanford Too Drugged for Trial, Lawyer Says [Bloomberg]

$$$ "I think because the town of Greenwich hosts many financial institutions it is important that we assist the federal government in Fairfield County," Ridberg said. "For us to serve as a base for them, or a satellite headquarters, I think is very important." [Stamford Advocate]

$$$How To Think About The Payroll Tax Holiday Or Deutsche Bank Blows It WIth A Rosy Projection [NetNet]

$$$Wall Street Steps Up MBA Hiring [FINS]

$$$Operation: Ivy League (Drug Bust) [NYP]

$$$BofA to Pay $137 Million to End Muni Bid-Rigging Case [WSJ]

$$$ “As the market ‘wolves’ are likely to keep huffing and puffing, we believe that European leaders will ultimately take further steps rather than have the house blown down,” Michala Marcussen, head of global economics at Societe Generale SA in London, said in an e-mailed note. “For now, the ECB remains the best line of defense.” [Bloomberg]